Stripe and Paradigm's Tempo Launches Private Testnet for Stablecoin Payments

According to BlockBeats, Stripe and Paradigm have launched the private testnet for their payment blockchain, Tempo. Designed specifically for stablecoin and real-world payments, Tempo aims to offer low-cost transactions, support for transferring and paying gas fees with any stablecoin, optional privacy features, and a transaction capacity exceeding 100,000 TPS. The initial partners for Tempo include notable companies such as Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered Bank, and Visa. Tempo's applications span global payments, payroll distribution, embedded financial accounts, fast and low-cost cross-border remittances, tokenized deposits with 24/7 settlement, micropayments, and payments for intelligent agents. Built on Reth, Tempo is compatible with the Ethereum Virtual Machine (EVM).