Stripe collaborates with Paradigm to develop Tempo blockchain

According to Fortune, fintech giant Stripe is partnering with crypto venture capital firm Paradigm to develop a blockchain called Tempo, which is positioned as a high-performance, payment focused Layer 1 blockchain and compatible with Ethereum's programming language. Tempo is currently in the hidden development stage, with a team size of 5 people. Previously, Stripe acquired stablecoin infrastructure company Bridge for $1.1 billion and cryptocurrency wallet developer Privy to further expand its stablecoin technology.