Payment giant Stripe is secretly developing a new blockchain platform called ‘Tempo,’ designed to revolutionize how businesses send and receive money globally. The project, being developed in collaboration with crypto firm Paradigm, is focusing on faster transaction speeds and predictable fees that will benefit enterprise commerce, cross-border payments, and other high-volume transactions. 💰 Why Tempo? ➡️
Stripe has a strong interest in controlling the entire payment stack – from digital wallets to settlement layers. This move signals their ambition to become a major player in the next wave of global payment technology.
Paradigm’s experience in both fintech and blockchain, combined with Stripe’s strategic influence, gives this project a unique blend of expertise.
What Does This Mean for Finance? 📈
If successful, Tempo could challenge traditional banking networks like SWIFT by enabling native stablecoin transactions and tapping into the Ethereum ecosystem. The project also promises to increase efficiency and reduce costs compared to current payment infrastructure.