ChainCatcher reports, according to The Block, that institutional payment giants Visa and Stripe, along with Standard Chartered’s Zodia Custody, have become early validators of Tempo. Tempo is an Ethereum-compatible Layer 1 blockchain built for high-throughput payments and stablecoin settlement. The project, incubated by Stripe and Paradigm, launched on a private testnet in September. Additionally, Tempo has introduced a proxy payment protocol designed to enable transactions via software agents.
Visa, Stripe, and SCB's Zodia Custody Join as Validators on the Tempo Payment Blockchain
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Summary
Visa, Stripe, and SCB’s Zodia Custody have joined as early validators on Tempo, an Ethereum-compatible Layer 1 blockchain for payments and stablecoin settlement. Tempo, developed by Stripe and Paradigm, launched a private testnet in September and introduced a proxy payment protocol for agent-based transactions. This on-chain development represents a significant milestone for blockchain innovation in the payments sector.
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