All about Stripe’s plan to build ‘Tempo’ blockchain with Paradigm
Main Idea
Stripe is reportedly developing a stealth Layer 1 blockchain called Tempo in partnership with Paradigm, aimed at high-volume, stablecoin-based payments, signaling potential expansion into enterprise blockchain solutions.
Key Points
1. Stripe is working with Paradigm to develop Tempo, a Layer 1 blockchain focused on high-volume payments using stablecoins.
2. The project is being developed by a small, five-person team and targets enterprise-level applications, as indicated by job postings requiring experience with Fortune 500 companies.
3. Tempo will support Solidity, Ethereum's primary programming language, leveraging existing developer tools and ecosystems.
4. Stripe has been acquiring crypto-related companies, such as Bridge and Privy, to build end-to-end capabilities for digital transactions.
5. Details about Tempo remain scarce, with Stripe keeping the project under wraps and removing job listings after media coverage.
Description
Is Stripe building the next big enterprise blockchain or just another payments protocol?
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