DoorDash to Pay Delivery Workers in Stablecoins via Stripe's Tempo Blockchain

Publicly traded food, grocery, and retail transportation steadfast DoorDash volition usage Tempo’s payments and stablecoin-focused blockchain to wage its transportation workers with stablecoins successful much than 40 countries. 

The firm, which has to woody with aggregate currencies, outgo rails, and regulatory requirements, is gathering connected the blockchain network—which was incubated by payments elephantine Stripe and crypto VC steadfast Paradigm—to untangle the complexities of planetary payments. 

“Global payments is analyzable successful presumption of what the requirements are for immoderate antithetic country,” said DoorDash co-founder Andy Fang, in a statement. “Figuring retired a mode to supply solutions to the extremity lawsuit that consciousness frictionless, portion integrating with rails that are dynamic capable to grip the antithetic requirements of antithetic countries, is astatine the bosom of the complexity.”

The firm’s infrastructure connected Tempo volition absorption connected the payout speed, cross-border cost, and transaction flexibility that stablecoins spend its business. 

“If we tin get merchants and Dashers their wealth faster, and bash that successful a mode that's affordable for them, that's a no-brainer for the full ecosystem,” said Fang. 

Settlement with stablecoins tin beryllium done successful conscionable seconds, whereas typically merchants oregon Dashers—or those delivering nutrient and products for the firm—have to hold for longer, varying colony times depending connected their country. 

Furthermore, overseas currency spreads and intermediary fees are reduced erstwhile operating with stablecoins. 

According to Fang, the steadfast chose to utilize Tempo alternatively of different stablecoin infrastructure options due to the fact that of its “payments absorption and endeavor readiness.”

“They person acquisition not lone with crypto from a exertion standpoint, but besides from an endeavor readiness standpoint, reasoning astir what would marque this exertion enactment realistically for an endeavor similar DoorDash,” helium said. 

Tempo’s fledgling blockchain—which opened its nationalist mainnet successful March—has teamed with a fistful of large firms for aboriginal plan collaboration and payments usage cases, including Visa, Shopify, and OpenAI.

The network, which is chiefly payments and stablecoin-focused, additionally launched with an agentic payments protocol amid the emergence of transactional AI agents. 

Shares successful DoorDash (DASH) are down astir 2% connected Tuesday to a caller terms of $186, but person jumped astir 19% successful the past period of trading. 

A representative for DoorDash did not instantly respond to Decrypt’s request for comment.