Stripe & Paradigm Launch ‘Tempo‘ - A Blockchain Aimed at Revolutionizing Stablecoin Payments
New York, NY – In a move signaling a major shift in the future of finance, payments giant Stripe and crypto investment firm Paradigm have jointly announced Tempo, a new blockchain project designed to dramatically improve stablecoin payments. The project boasts backing from industry titans including Anthropic, Deutsche Bank, DoorDash, OpenAI, and Visa, positioning it as a key player in the burgeoning digital payments landscape.Tempo aims to address the limitations of existing blockchains when it comes to handling the high-volume, low-latency demands of real-world payment systems. As Stripe CEO Patrick Collison explained on X, current blockchains often lack the necessary speed, throughput, and fee structures for everyday transactions.
“Even super-fast blockchains don’t have the specific oomph and features required for real-world payment systems,” Collison stated.
Tempo tackles these challenges head-on, targeting **100
