Stripe is initiating a new layer 1 blockchain called Tempo, focusing on efficient payment processes. The project stems from its recent acquisition of Bridge for stablecoin technologies, enhancing its foothold in the crypto ecosystem.
This launch, driven by a small team, showcases Stripe’s commitment to innovation in the crypto space, placing the company ahead of competitors like Meta, Apple, and Airbnb in the rapidly developing stablecoin landscape.
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