"Stripe is funding a new blockchain company called Tempo, co-founder CEO Patrick Collison announced on Thursday. Tempo is aimed at high-volume processing of stablecoins - coins that help reduce crypto's notorious volatility because they are pegged to a stable asset like the U.S. dollar. That's not surprising given that Stripe acquired stablecoin company Bridge. What is surprising is the eye-popping list of companies Stripe has already enlisted: Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, and Visa."
"So if the blockchain works well, these design partners should be queued up to use or offer it for everything from agentic payments to remittances. Plus, Stripe board member Matt Huang, co-founder of one of the most prestigious crypto VC firms, Paradigm, has signed on to lead Tempo. Paradigm has also invested. Collison says Tempo will be run as an independent company."
Stripe is funding a new blockchain company, Tempo, to enable high-volume processing of stablecoins. Stablecoins reduce cryptocurrency volatility by being pegged to stable assets like the U.S. dollar. Stripe previously acquired a stablecoin company called Bridge. Major corporate design partners enlisted include Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, and Visa. Those partners could deploy or offer Tempo for agentic payments and remittances if the blockchain performs well. Stripe board member Matt Huang, co-founder of crypto VC firm Paradigm, will lead Tempo, and Paradigm has invested. Tempo will operate as an independent company.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]