Stripe partners with Paradigm to develop L1 blockchain Tempo
According to a report by Jinse Finance, recent job postings on the website of the cryptocurrency lobbying group Blockchain Association reveal that fintech giant Stripe is collaborating with crypto venture capital firm Paradigm to develop a high-performance, payment-focused Layer 1 blockchain called “Tempo.” The project team is small, currently operating in stealth mode, and is compatible with Ethereum programming languages. In recent years, Stripe has increased its investment in the crypto sector, having acquired stablecoin infrastructure company Bridge ($1.1 billion) and crypto wallet developer Privy, thereby expanding its presence in the stablecoin ecosystem. Stripe CEO Patrick Collison has stated that as the technology matures, stablecoins are gaining substantial commercial attention. The Tempo blockchain will enable Stripe to control the critical layer of stablecoin transaction processing, though the company has not yet disclosed whether it plans to issue a native cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
JPMorgan raises BlackRock's target price to $1,449
ECB’s Dolenc says central bank may not have to do as much if markets tighten
BlackRock CEO Larry Fink warns: AI infrastructure has become the backbone of the US economy, halting data center construction will trigger a recession
BlackRock CEO Larry Fink has issued a rare recession warning, stating that if the United States imposes any form of moratorium on data center construction, the economy will plunge directly into recession. As the midterm elections approach, the construction of AI infrastructure has escalated from a business issue to a political bombshell. Analysts predict that AI capital expenditures could surpass 1 trillion dollars by 2027. Any disruption in policy would trigger a chain reaction impacting the supply chain, job market, and energy industry.
BTC market dominance rises to 60.46%
Crypto prices
More
