Stripe enlists a who’s who, including Anthropic, OpenAI, and Paradigm, to build a new blockchain

Stripe, the digital payments company, is funding the development of a new blockchain called Tempo, which aims to process stablecoins more efficiently. The project has enlisted the support of several prominent names in the technology and blockchain industry, including Anthropic, OpenAI, and Paradigm. The goal of Tempo is to create a blockchain infrastructure that can handle the increasing demand for stablecoin transactions, which are digital currencies pegged to traditional assets like the US dollar. Stripe believes that the current blockchain infrastructure is not equipped to handle the growing volume of stablecoin transactions, and Tempo is designed to address this issue. The involvement of companies like Anthropic, OpenAI, and Paradigm in the development of Tempo suggests that the project has significant backing and resources. These organizations are known for their expertise in areas such as artificial intelligence, blockchain technology, and investment in emerging technologies. The announcement of the Tempo project comes as Stripe continues to expand its presence in the digital payments and blockchain space, highlighting the company's strategic focus on staying at the forefront of technological developments in the financial services industry.