Stripe’s Tempo Blockchain Sparks Decentralization Debate

Stripe’s new blockchain project, Tempo, is facing criticism for its centralized approach. Experts believe it mirrors the failed Libra initiative and could stifle crypto’s potential for decentralization. Critics like Christian Catalini, a co-creator of the defunct Facebook Libra and MIT Professor, highlight that Stripe’s project prioritizes compliance and partnerships with financial giants like Visa and Deutsche Bank over open and permissionless systems, potentially leading to a more corporate-controlled blockchain ecosystem.