Stripe provides funding for a new blockchain company called Tempo, co-founder Patrick Collison Announce Thursday. Tempo’s aim is to process stable massive amounts – coins that help reduce the infamous volatility of cryptocurrencies as they are pegged to stable assets like the US dollar. Given the stripes, this is not surprising get Stablecoin Company Bridge.
Surprisingly, the shocking company Stripe has enlisted: Anthropomorphism, Coupang, Deutsche Bank, Doordash, Doordash, Lead Bank, Mercury, Nubank, Nubank, Openai, Openai, Revolut, Shopify, Shopify, Chandard Chartered and Visa and Visa. So if blockchain works well, these design partners should be queued to use or provide everything from agency payments to remittances.
Additionally, Stripe board member Matt Huang is the co-founder of Paradigm, one of the most prestigious crypto-vc companies, and has signed on to Leading Tempo. Paradigm has also invested. Collison said Tempo will run as an independent company.
