Payments giant Stripe is venturing into the blockchain space with the advancement of ‘Tempo,’ a high-performance Layer 1 blockchain customized for payments, in cooperation with crypto endeavor capital company Paradigm. According to a job listing found on the Blockchain Association site, Stripe is actively working on Tempo, an Ethereum-compatible blockchain developed for smooth payment processing. MetaMask, in partnership with Stripe, is gearing up to release “MetaMask USD,” leveraging Stripe’s comprehensive payment infrastructure and MetaMask’s large user base to challenge the dominance of USDC.
Payments huge Stripe is venturing into the blockchain space with the advancement of ‘Pace,’ a high-performance Layer 1 blockchain tailored for payments, in collaboration with crypto endeavor capital company Paradigm. According to a task listing discovered on the Blockchain Association site, Stripe is actively working on Tempo, an Ethereum-compatible blockchain designed for seamless payment processing. Stripe’s progression into blockchain innovation follows an intentional acquisition strategy that began with Bridge’s stablecoin payment platform and was further strengthened by the acquisition of Privy, a crypto wallet designer. MetaMask, in cooperation with Stripe, is tailoring up to introduce “MetaMask USD,” leveraging Stripe’s substantial payment infrastructure and MetaMask’s sizable user base to challenge the supremacy of USDC. Stripe’s development of the Pace blockchain symbolizes a tactical move to directly process stablecoin transactions, reducing reliance on external networks.