Visa Joins Stripe's Tempo Payments Network as 'Anchor' Validator

1 month ago 20

In brief

  • Stripe, Visa, and Zodia Custody by Standard Chartered person joined arsenic validators connected the Tempo blockchain network.
  • The firms process trillions of dollars annually and are present straight validating a crypto web built for real-time payments.
  • All 3 person been plan partners since Tempo's inception and are actively gathering outgo flows connected the protocol.

Payments elephantine Visa said Tuesday that it has go an “anchor validator” for the Stripe-backed Tempo blockchain network, joining Stripe itself and Zodia Custody by Standard Chartered successful supporting the layer-1 blockchain built for agentic commerce and real-time payments.

The companies collectively process trillions of dollars successful outgo measurement each twelvemonth crossed astir each state successful the world, marking a important organization adoption milestone for blockchain payments infrastructure. Additional validators are acceptable to beryllium announced successful the future.

The firms person been plan partners of Tempo—which was created successful concern betwixt Stripe and crypto VC steadfast Paradigm—since time 1 and are gathering outgo flows connected the protocol. Visa said its validator node was configured and managed in-house pursuing six months of associated enactment with Tempo's engineering team.

“We’ve spent years gathering our expertise successful blockchain, and present we’re expanding that enactment by moving captious blockchain infrastructure ourselves,” said Visa Head of Crypto Cuy Sheffield, successful a statement. “By operating a validator connected Tempo, we’re extending Visa’s committedness to reliability, security, and spot into blockchain networks—supporting the improvement of stablecoin outgo systems that conscionable the precocious operating standards our clients and partners expect.”

The validator announcements travel arsenic Tempo expands its infrastructure capabilities. The blockchain launched its mainnet successful March and launched the Machine Payments Protocol (MPP), an unfastened modular that enables AI agents to wage for services autonomously. As a Tempo validator, Visa volition gain stablecoin rewards erstwhile serving arsenic pb validator to process transactions into blocks.

"Visa processes billions of transactions crossed astir each state successful the world. That benignant of operational rigor is precisely what we look for successful validators connected Tempo, built for payments astatine endeavor scale,” said Tempo’s go-to-market lead, Nischay Upadhyayula. “They've been a plan spouse since time one, and joining arsenic a validator is simply a earthy hold of that work."

Daily Debrief Newsletter

Start each time with the apical quality stories close now, positive archetypal features, a podcast, videos and more.

Read Entire Article