Share this article
Stripe is quietly developing a new blockchain, marking its latest push into the crypto and stablecoin ecosystem, according to a Fortune report.
A recently removed job posting for the crypto lobby group Blockchain Association described the project, called Tempo, as a high-performance, payments-focused blockchain. The listing said Tempo is in stealth, run by a five-person team, and built in partnership with Paradigm.
The blockchain will be a layer 1 compatible with Ethereum’s coding language, according to people briefed on the matter.
The fintech has been steadily assembling the core components of a stablecoin tech stack, from payment integration and wallet software to potentially operating its own blockchain infrastructure. In October, it announced a $1.1 billion deal to buy stablecoin infrastructure provider Bridge, and in June, it acquired crypto wallet developer Privy for an undisclosed sum.
The GENIUS Act, signed into law in July, has accelerated interest in stablecoins among major tech companies, but Stripe’s rapid moves put it ahead of peers like Meta, Apple, and Airbnb.
Share this article
After decades of connecting US subscribers to its online service and the internet through telephone…
Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas…
Key Takeaways Norway's sovereign wealth fund increased its indirect Bitcoin holdings by 192% in Q2.…
Sam Altman is in the process of co-founding a new brain-to-computer interface startup called Merge…
Ripple USD’s arrival on Mesh’s expansive crypto payments network signals a powerful step toward mainstream…
Uniswap is undoubtedly one of the most valuable DeFi projects. With this mega valuation comes…