Stripe and Paradigm incubated payment public chain Tempo has launched its private testnet. Tempo is designed for stablecoins and real-world payments, aiming to provide low fees, support for transfers and gas fees in any stablecoin, optional privacy, and over 100,000 TPS.
The first batch of partners includes Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered Bank, Visa, and others.
Tempo's application scenarios cover global payments and collections, payroll, embedded financial accounts, fast low-cost cross-border remittances, 24/7 settlement of tokenized deposits, micropayments, and agent payments. Tempo is built on Reth and is EVM compatible.
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