Payment company Stripe is collaborating with Paradigm to develop the "Tempo" blockchain.
BlockBeats News, August 12th, According to Fortune report, payment company Stripe is collaborating with Paradigm to develop the "Tempo" blockchain. A job posting indicates that Tempo is currently in stealth mode, with a team size of 5. Matt Huang, co-founder and managing partner of Paradigm, is also a board member of Stripe.
The recruitment ad mentions that candidates applying for this marketing position should have "experience in marketing to Fortune 500 companies." According to four anonymous sources familiar with the matter (all requested anonymity due to private business discussions), Tempo is a Layer 1 blockchain, meaning it is not a chain built on top of another protocol, and it is compatible with the programming language used by the Ethereum blockchain.
Spokespersons for Stripe and Paradigm both declined to comment. After Fortune magazine contacted both companies, the job posting has been taken down. Tempo is the latest crypto bet by Stripe. Relying on providing seamless online checkout and automated invoicing payment products for businesses, Stripe has grown into a company valued at nearly $92 billion.
Last October, Stripe announced an $11 billion acquisition of stablecoin infrastructure company Bridge, marking its largest acquisition to date. Then, in June, the payment giant acquired crypto wallet developer Privy (price undisclosed).
You may also like
Former SpaceX engineer reconstructs the financial execution system using first principles
Why Is PAXG Price Different From Gold? 5 Reasons Crypto Traders Should Know
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
WEEX OpenAPI 101: 5 Powerful Modules, AI Trading Tools, and Grab Up to 70% Revenue Opportunities
Learn how WEEX OpenAPI connects traders, developers, AI agents, and trading platforms. Discover WEEX API features, Binance-compatible integration, automated trading workflows, revenue opportunities, and ecosystem possibilities.
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
Interview with NDV Founder Jason Huang: Popping the AI Bubble and the Myth of Microstrategy, Seeking the Ultimate Ace in the Crypto Market
Morning Report | Former Ethereum Foundation researcher establishes Ethlabs; EU Parliament Economic Committee passes digital euro regulatory proposal
Dragonfly partner Haseeb: The fastest-growing companies in the future may all be stuck at 149 people
How xBubble Breaks the Deadlock in VC's Heavy Investment in the OPC Economy
The encrypted unicorn Blockstream is deeply embroiled in a serious fraud case
Morning Report | The South Korean Financial Services Commission plans to expand the regulatory sandbox to include virtual assets; the parent company of the New York Stock Exchange, ICE, has reached a partnership with OKX to jointly establish a cryptocu...
Exclusive Interview with Strategy CEO: Putting Aside the Sale of 32 BTC, the 60 Trillion AI Intelligence is the Ultimate Fate of Bitcoin
TRON revitalizes the image of the bull, creating a more approachable brand character
Will the STRC issuance price discussed with ChatGPT really fall into a death spiral?
The foundation retreats, Ethlabs steps forward: Ethereum welcomes its largest restructuring in history
NYSE Parent ICE and OKX Launch Joint Venture: What It Means for Tokenized Stocks
ICE and OKX have announced a joint venture focused on tokenized stocks, but stock futures are already live across crypto markets. Here's what the partnership means, how stock futures work, and why traders are paying attention.
How to Trade Apple and Nvidia on a Crypto Exchange in 2026 (Without Buying Shares)
Former SpaceX engineer reconstructs the financial execution system using first principles
Why Is PAXG Price Different From Gold? 5 Reasons Crypto Traders Should Know
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
WEEX OpenAPI 101: 5 Powerful Modules, AI Trading Tools, and Grab Up to 70% Revenue Opportunities
Learn how WEEX OpenAPI connects traders, developers, AI agents, and trading platforms. Discover WEEX API features, Binance-compatible integration, automated trading workflows, revenue opportunities, and ecosystem possibilities.
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
