Stripe and Paradigm have announced the launch of Tempo, a new blockchain network aimed at improving cross-border payments. This project promises to change the approach to international transfers.
Goals and Features of Tempo
Launched on August 13, 2025, Tempo aims to create a high-speed system for handling cross-border payments. The blockchain will be compatible with Ethereum Virtual Machine (EVM), allowing the integration of cryptocurrencies such as ETH and USDC.
Matt Huang's Role and Stripe's Strategy
Matt Huang from Paradigm has been appointed as CEO of Tempo. Stripe plays a significant role in the project, involved in design and development, indicating crucial shifts in the company's strategy. Huang stated, 'Tempo is a high-performance, payments-focused blockchain.'
Industry Response and Future Expectations
Experts note Stripe's strategic shift towards blockchain technologies. Tempo is expected to impact cross-border payment efficiencies and integration with existing systems. Markets are closely watching the developments, anticipating the launch of the testnet or mainnet.
The launch of Tempo opens new horizons for cross-border payments, aligning with modern demands and technologies. However, the project remains under wraps, leaving many to await its further development.
