On August 12, PANews reported that financial technology giant Stripe is collaborating with cryptocurrency venture capital firm Paradigm to develop a blockchain called Tempo. This project is positioned as a high-performance Layer 1 blockchain focused on payments and is compatible with Ethereum's programming language.
Tempo is currently in a secret development phase, with a team size of 5 people. Previously, Stripe acquired stablecoin infrastructure company Bridge for $1.1 billion and acquired cryptocurrency wallet developer Privy, further laying out its stablecoin technology.
