Stripe and Paradigm Launch ‘Tempo’ Blockchain in Testnet
- Stripe and Paradigm announced the launch of the ‘Tempo’ blockchain, now live in private testnet.
- The blockchain aims for stablecoin payments with over 100k transactions per second (TPS) and sub-second finality.
- Design partners include major players like Visa, Deutsche Bank, Shopify, Nubank, OpenAI, and Revolut.
- It is EVM compatible and allows fees to be paid in any stablecoin via an enshrined AMM model.
- Target use cases include global payouts, payroll, remittances, micro-transactions, tokenized deposits, embedded accounts, and agentic payments.
‘Tempo’ is designed to optimize on-chain stablecoin payments with a focus on decentralization and neutrality. By allowing lower transaction fees compared to traditional credit card fees, it presents a significant opportunity for cost savings in financial transactions.
With its purpose-built infrastructure for payments rather than trading, Tempo aims to become a default rail for payouts and commerce in the crypto space by leveraging its extensive network of design partners. (Source)
