Stripe and Paradigm, a San Francisco-based investment firm focused on advancing the crypto industry through investing, building, and research, announced the launch of Tempo, a blockchain designed specifically for payments and stablecoin use cases.

Much of today’s crypto infrastructure is built with trading in mind, but is less optimised for payments.

Tempo has been developed to address this gap, combining Stripe’s experience in global payments with Paradigm’s expertise in crypto technology.

“Tempo is purpose-built for stablecoins and real-world payments, born from Stripe’s experience in global payments and Paradigm’s expertise in crypto tech,”

said Matt Huang, Co-Founder and Managing Partner at Paradigm.

The project is being developed with design input from organisations across AI, e-commerce, and financial services, including Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, and Visa.

Tempo is expected to support a wide range of payment use cases, including global payments and payroll, remittances, tokenised deposits for 24/7 settlement, embedded financial accounts, microtransactions, and agent-driven payments.

Huang added:

“At Paradigm, we expect opportunities to incubate companies like Tempo to be rare. In this case, we are excited for Tempo to help the crypto industry meet this moment of stablecoin adoption.”

Tempo is a standalone company with its own dedicated team.

Huang will lead Tempo while continuing his role at Paradigm alongside Alana Ackerson.

Featured image credit: Edited by Fintech News America, based on image by freepik