“The Chain’s Stablecoin-Firmst Design Aims to Handle Global Payouts, Microtransactions, Remittans and Ai Agentic Payments, Stripe Ceo Patrick Colleris Said.”, – WRITE: www.coindesk.com
The initiative, incubated inside stripe, is designed to Handle the Kind of Scale Stripe SEES in Real-World Financial Applications, Processing Tens of Thoues CEO PATRICK COLLISON SAID IN A X Post.
The Project Launches with A List of Heavyweight Partners Including Anthropic, Deutsche Bank, Doordash, Nubank, Openai, Revolut, Shopify, Standard Charterrered and Visa, WHO WIP.
“We Hope that Tempo Makes It Easier for Things Like Payment Acceptance, Global Payouts, Remittans, Microtransactions, Tokenized Deposits, Agentic Payments, And More, and More.
TEMPO, FIRST LEAKED IN AUGUST IN A JOB POSTING, IS JOINING A Growing Roster of Blockchain Projects Competing for Stablecoin Payments. IT’s Potentilly a Huge Market Opportunity: Stablecoins, Now A $ 270 Billion Class of Cryptocurrencies, Are Projected To Become a Trillion-Dollar Market and Poison A disk. Cheaper, Faster Alternative to Banking Rails, Proponents Say.
Collison Said Tempo Was Needed Because Current Blockchains, Even High-Speed Ones Like Solana SOL$ 203.61don’t match stripe’s ThroughPut or Payment-Focused Requirements.
TEMPO Targets 100,000 Transactions Per Second with Sub-Second Finality, Allows Fees to Be PAID IN STABLECOins Institute Issuers, He Said. The Chain Is Ethereum Virtual Machine (Evm) -Compatible and Built on Rett, an Ethereum Eth$ 4,314.89 Execution Client.
TEMPO is An Independent Entity with Paradigm and Stripe Being Early Investors, Collison Said. PARADIGM CEO MATT HUANG IS LEADING A Team of 15 Person.
“We’re Building Tempo with Principles of Decentralization and Neutrality,” Huang Said in an X Post. That includes launching with a diese set of validtors with plans to transmission to a permissionless Model in the Future.
Read More: WHY CIRCLE AND STRIPE (AND MANY ORHERS) Are Launching their Own Blockchains
The FIRM EYES TO BENEFIT FROM The RAPID GRAWH OF EThena’s Digital Dollar USDE, FITTING INTO A BROADER TREND OF LISTED Companies Accuumulating Cryptocurrencies.
- NYSE-LITTED MEGA MATRIX (MPU) FILED A $ 2 Billion Shelf Registration to Fund A Digital Asset Treasury Focused on Ethnana’s Governance Token, ENA.
- Shares Recovered from A 6% Decline After The Announcement, But Remein Down Nearly 30% Since The Firm Revealed ITS Crypto Pivot.
- Digital Asset Treasury Firms Captivated Stock Markets This Year, But The Trend Shows Signs Of Bursting.
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