14:52
Stripe and Paradigm Open Tempo Blockchain to the Public, Add Kalshi and UBS as Partners
Odaily Planet Daily news: Stripe Inc. and crypto venture capital firm Paradigm have launched public testing for their joint blockchain project, Tempo, opening the network to all companies interested in building real-world stablecoin payment applications. Tempo aims to enable platforms to easily accept stablecoin payments by providing a simplified plug-and-play experience. The network addresses the issue of rising transaction costs due to congestion in traditional blockchains by setting up a dedicated payment channel independent of other parts of the network. Tempo’s fee model is a fixed rate, with a cost of $0.001 per payment transaction. New partners of Tempo include financial firms UBS and Cross River.