The Stripe Payment Infrastructure Company moves in the blockchain, according to Forbes, which discovered a job publication concerning this decision. According to the publication, Stripe plans to launch a blockchain of payments called Tempo.
“Tempo is a high performance blockchain and focused on payments,” said advertising on the Blockchain Association website. Here is an overview of five things that rely on Stripe’s movement, including details on the new blockchain, why he is throwing it now, how he is part of the company’s strategy, which means for the broader industry and what is still unknown.
What is tempo?
The tempo is a layer 1 blockchain built from zero (as opposed to a fork). A layer 1 blockchain is the basic network in a blockchain ecosystem. It serves as a fundamental layer where transactions are processed, validated and recorded. With tempo, Stripe optimizes the network for payments and makes it compatible with Ethereum Solide Tools, which means that developers can use the same set of familiar tools they use for Ethereum.
Tempo was built stealthily by a small team of approximately five people in partnership with the company Crypto VC Paradigm. Until the employment publication, which was dated August 3, the new project operated under the radar.
Why now? Stripe cryptography construction strategy
The launch of his own blockchain is the last Stripe movement in the cryptography industry. Stripe joined the world of cryptography regularly, its acquisition of Stablecoin Platform Bridge for $ 1.1 billion to buy portfolio developer in June. Since then, Stripe has also made a non -cripto acquisition, acquiring the orchestration orum payment orchestration company in June. The launch of Tempo will add the last piece of this equation. The possession of his own blockchain rails will give total scratch control of the payment flow, from the portfolio to the payment payment.
The advantages of building your own blockchain
As with all its acquisitions, the Stripe movement to create a blockchain from zero is strategic. The launch of Tempo will offer him a complete control, which will allow Stripe to optimize the speed of the network, reduce costs and integrate into other stablescoins and wallets. In addition, the blockchain of personalized payments could move systems inherited like Swift or even Fednow, with faster and cheaper rails. And since tempo will be compatible with Ethereum, it is user -friendly, which means that it will not require new tools or talents to align with its infrastructure.
Greater implications for payments and crypto
Stripe has been operating in the Fintech arena since 2010. With its own blockchain, the company could accelerate the dominant adoption of stablescoins and blockchain payments via a merchant network. This decision shows the way in which traditional fintechs take measures to operate in cryptographic space. Not only that, but this also indicates a new competitive landscape in which Fintech control their own payment rails, disturbing traditional transactions for electronic and cross -border.
What we still don’t know
Even if it is interesting to speculate on the impacts that the tempo will have through industry, there are still a lot of things that we do not know. This is due to the fact that the news comes from a job publication, not from an official announcement of the company. Details such as if tempo will come with its own native token, how it will be governed and a clear chronology for the launch is still unknown.
What is clear, however, is that it is worth keeping an eye on Stripe not only as a payment innovator, but also as a player of the Crypto Arena in the future.
Views: 280
