Tempo, a joint blockchain venture by Stripe and Paradigm, has onboarded a number of partners from Wall Street, including Visa, Deutsche Bank, Standard Chartered, OpenAI, Anthropic, Coupang, DoorDash, Revolut, Lead Bank, Mercury, Nubank, and Shopify.
The project is currently in its private testing phase and is developed to serve as a platform for global payments, remittances, microtransactions, tokenized deposits, and various other onchain utilities.
Patrick Collison, the CEO of Stripe, said in an X post that the project, originated at Stripe, aims to handle the scale of real-world financial apps, which process tens of thousands of transactions per second with finality in under a second.
“We hope that Tempo makes it easier for things like payment acceptance, global payouts, remittances, microtransactions, tokenized deposits, agentic payments, and more to move on-chain,” Collison said.
While officially unveiled recently, the project first came to the spotlight when Stripe posted on its job opening in early August. According to its announcement, Tempo aims to achieve 100,000 transactions per second (TPS) with finality in less than a second. It will allow users to pay fees in stablecoins instead of native tokens, and has a built-in automated market maker to ensure that all issuers are treated equally.
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