Tempo, the public payment blockchain incubated by Stripe and Paradigm, has launched a private testnet

 Tempo, a payment public chain incubated by Stripe and Paradigm, has launched its private testnet. Tempo is designed for stablecoins and real-world payments, aiming to provide low fees, support for transferring and paying gas fees in any stablecoin, optional privacy, and over 100,000 TPS.

The first batch of partners include Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered Bank, Visa, and more.

Tempo's use cases cover global payments and receipts, salary payments, embedded financial accounts, fast and low-cost cross-border remittances, 24/7 settlement of tokenized deposits, micro-payments, smart contract payments, etc. Tempo is built on Reth and is compatible with EVM.