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  • 6 months ago
Stripe is backing a new blockchain company called Tempo, co-founder and CEO Patrick Collison announced Thursday. Tempo is designed for high-volume stablecoin transactions, building on Stripe’s earlier acquisition of Bridge, according to TechCrunch. Stripe has already lined up an extensive list of design partners, including Anthropic, Deutsche Bank, OpenAI, Revolut, Shopify, and Visa. Stripe board member and Paradigm co-founder Matt Huang will lead Tempo, while Collison confirmed Tempo will operate independently. If successful, the platform could support uses ranging from agentic payments to global remittances.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Stripe is backing a new blockchain company called Tempo, co-founder and CEO Patrick Collison announced Thursday.
00:08Tempo is designed for high-volume stablecoin transactions, building on Stripe's earlier acquisition of Bridge, according to TechCrunch.
00:14Stripe has already lined up an extensive list of design partners, including Anthropik, Deutsche Bank, OpenAI, Revolut, Shopify, and Visa.
00:21Stripe board member and Paradigm co-founder Matt Huang will lead Tempo, while collision-confirmed Tempo will operate independently.
00:27If successful, the platform can support users ranging from agentic payments to global remittances.
00:33For all things money, visit Benzinga.com.
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