Fintech firm Stripe partners with Paradigm to develop Tempo payments blockchain

Odaily Planet Daily News: Financial technology giant Stripe is working with crypto venture capital firm Paradigm to develop a blockchain called Tempo. The project is positioned as a high-performance, payment-focused Layer 1 blockchain and is compatible with Ethereum's programming language.

Tempo is currently in stealth development with a team of five. Previously, Stripe acquired stablecoin infrastructure company Bridge for $1.1 billion and crypto wallet developer Privy, further expanding its stablecoin technology portfolio. (Fortune)