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Stripe Launches L1 Blockchain: Tempo

• luma 1y ago
  I question the logic behind trying to introduce a new blockchain in 2025 but I have to acknowledge how fricken cool the scroll animation is here.
  • super256 1y ago
    Telegram has recently proven that there is still demand for this stuff.
    • latchkey 1y ago
      Price action disagrees... https://coinmarketcap.com/currencies/tac-protocol/ https://coinmarketcap.com/currencies/tac-protocol/
      • super256 1y ago
        That's not the Telegram Token. This one is: https://coinmarketcap.com/currencies/toncoin/ https://coinmarketcap.com/currencies/toncoin/
        • latchkey 1y ago
          TAC is the first EVM-compatible blockchain purpose-built for the TON ecosystem and Telegram. It uniquely brings full DeFi functionality from day one by combining EVM infrastructure, pre-deployed blue-chip DeFi applications, and bootstrapped Ethereum and BTC liquidity. Seamlessly connected to TON, TAC extends its ecosystem without fragmenting it - every user interacts from their TON wallet. With 100M+ existing wallets on TON and direct access to Telegram’s billion-user base, TAC is the only blockchain that doesn’t need to bootstrap users, positioning it as the most distribution-ready EVM chain in the industry
  • deleted 1y ago
    [deleted]
  • dpacmittal 1y ago
    Prepare to have your mind blown - https://animejs.com/ https://animejs.com/
• colesantiago 1y ago
  I don't get it. Why does Stripe want to creatively ruin their reputation by venturing into crypto / blockchain? I don't see anyone in the real world using blockchains at all. I get AI as it was a real world paradigm shift, but I have never seen anything in this blockchain / crypto space that has reached 100-500 million users let alone 1 billion users, that isn't based on speculation.
  • deleted 1y ago
    [deleted]
  • super256 1y ago
    I use crypto often. I can pay my server with it, I can pay my domains with it, I support my torrent ALT with it, I buy my drugs with it. People use it for selling accounts, usernames, cheats and probably much more for it. Many of these also use Stripe (major cheat providers offer payments via Stripe and crypto, so why shouldn't Stripe also try to capture the value of Crypto payments?).
    • irusensei 1y ago
      I've started seeing some H game devs going that route since Visa and Mastercard decided to be arbiters of morality.
  • prettyblocks 1y ago
    Blockchains might not have hundreds of millions of users, but popular L1s have volumes in the many billions of dollars.
    • adastra22 1y ago
      That is actually and unironically not a lot of money.
      • oasisaimlessly 1y ago
        Nice, lie back and let someone else claim it.
• perks_12 1y ago
  The whole payment sector is so fucking idiotic. Why would Stripe need a L1? Partnered with paradigm? The company behind every crypto scam in the past 5 years? Who needs this? Who wants this? I just want to order a book from Amazon; why would there be a blockchain?
  • warkdarrior 1y ago
    Paradigm is closely aligned to the current US administration, so it's valuable to Stripe to suck up to them.
  • FergusArgyll 1y ago
    > Why create a new blockchain? Stablecoins enable instant, borderless, programmable transactions, but current blockchain infrastructure isn’t designed for them: existing systems are either fully general or trading-focused. Tempo is a blockchain designed and built for real-world payments. - First line in TFA
    • adastra22 1y ago
      “Fully general” isn’t a disadvantage though. Especially when it comes to blockchain where the more validators the better.
    • MadnessASAP 1y ago
      > Stablecoins enable instant, borderless, programmable transactions, but current blockchain infrastructure isn’t designed for them How? > existing systems are either fully general or trading-focused. Tempo is a blockchain designed and built for real-world payments. What makes existing systems not suitable for instant, borderless transactions? What makes this new chain suitable for instant, borderless transactions? Any system with an API is programmable.
      • ozgrakkurt 1y ago
        It is just marketing, you can send money instantly on solana now. They will have a version of it with more control, censorship and more integrations so it is between a real blockchain and swift garbage
• diggan 1y ago
  > Tempo was started by Stripe and Paradigm, with design input from Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, Visa, and more. Does this mean these companies are about to start accepting stablecoins as payment (via Tempo?) some time in the future? Seems out of the ordinary to work with these companies otherwise.
  • benwerd 1y ago
    Notable that Anthropic also seems to be involved in x402: https://www.coinbase.com/developer-platform/discover/launches/x402 https://www.coinbase.com/developer-platform/discover/launche...
  • stefantheard 1y ago
    I hope so, one of the most annoying leaks in my personal finance workflow is that I have to use a specific site to bridge between USD and USDC - if I could just send USDC directly from my mercury personal account, that would make life much easier.
• Slurpee99 1y ago
  What is this supposed to deliver to their users?
  • wedn3sday 1y ago
    The ability to launder money across borders without any Know-Your-Customer restrictions.
    • m348e912 1y ago
      Doubt
• Cieric 1y ago
  I wonder if this was initiated by all of the steam and itch.io content getting removed due to payment processor rules. If I remember correctly steam used stripe (at least at one point in time) so it might be trying to get back into that market without being limited by the payment processors above them.
  • etempleton 1y ago
    I imagine this has been in the works much longer than that, but it it has helped provide a real life case study of why this could be a viable product offering.
    • Cieric 1y ago
      True, I think getting a block chain setup in a month is possible. But at the same time I don't think they would try and rush something like this out, stuff breaking would be much worse PR after what has already happened. I do think it's possible they put more money/talent onto the problem after it happened though.
• throw0101d 1y ago
  NIST's Blockchain Overview, IR 8202, document often comes top of mind when "blockchain" is mentioned: * https://www.nist.gov/blockchain https://www.nist.gov/blockchain Specifically the yes/no flowchart on whether "you may have a useful blockchain use case" (Figure 6 - DHS Science & Technology Directorate Flowchart): * https://csrc.nist.gov/CSRC/media/Projects/enhanced-distributed-ledger-technology/images-media/dlt-need.png https://csrc.nist.gov/CSRC/media/Projects/enhanced-distribut...
  • Lerc 1y ago
    That flow chart seems pretty reasonable to me. The big one is "Are the entities with write access having a difficult time deciding who should be in charge of the data store" The vast majority of pointless blockchaining come from organisations that have already decided that they are going to be in charge. Which is just great for them, but it doesn't induce others to join them. I wonder how much of promoting blockchains is to project the illusion of relinquishing a degree of control. I guess all the ones doing it just because others were doing it are looking at AI now.
  • dperfect 1y ago
    Exactly. The only way for this to deliver on its goals would be for it to not be public or permissionless. And if that's the case, then it should really just be a database and/or a shared protocol between financial institutions. Once it's truly "open", you can't have any sensitive identifiers in there, so you need another protocol/system for correlating opaque identifiers with real-world entities (thus defeating the purpose). And if financial institutions are involved, they'll want the ability to do what they do now: rewrite history whenever they feel the need (or are compelled by governments). Another strike against using blockchain.
  • wiredpancake 1y ago
    Oh wow, the flowchart made by the Government. The government has a registered interest in preventing blockchains for anonymization and decentralization. Who would of thought?
• ricokatayama 1y ago
  product UVP aside, woah! the page is sick!
  • deleted 1y ago
    [deleted]
• asdev 1y ago
  I'm trying to figure out how this is decentralized? "A diverse group of entities" will run validator nodes. This sounds like it's just a Solana clone then.
  • javier123454321 1y ago
    It's just an attempt at obfuscating the governance for non-technical regulators to think it's beyond the control of stripe. It's the game that all these L1s are doing, participating in the minimum amount of decentralized theater in order to evade regulations.
    • garbthetill 1y ago
      it depends, regulators can still force validators to censor. I have kept up with the scene in a minute, but i remember builders and even some wallets were dropping tx from tornado cash because of some compliance issues, dont think the trump admin would care
      • intotheabyss 1y ago
        You can have 99% of validators on Ethereum censor your transaction, and you'll still be eventually included. With 12 second block times, your transaction would be included in roughly 20 minutes.
        • fruitworks 1y ago
          What is the thinking behind that? Can't the majority of validators can't just orphan blocks with your transaction?
          • wmf 1y ago
            I don't think Ethereum allows validators to orphan blocks.
            • 1y ago
• m00dy 1y ago
  The folks on Hacker News seem pretty anti-crypto, but I feel like they're missing the point. If we're actually looking for ways to fix the US debt, stablecoins are definitely worth considering
  • kube-system 1y ago
    What does it mean to "fix the debt" anyway? The US isn't a household or a person, a country can roll over debt indefinitely.
  • tgv 1y ago
    How precisely?
  • turnsout 1y ago
    Okay I'll bite—how would stablecoins help fix a $37 trillion problem?
    • m00dy 1y ago
      Stablecoin companies back their coins with U.S. Treasury bonds, mostly short-term ones instead of 10 or 30-year bonds. So, when you hold a stablecoin, you're essentially helping the U.S. government kick the can down the road a bit more.
  • adastra22 1y ago
    What does a separate payment rail have to do with the US debt?
    • brunohaid 1y ago
      It’s a hilarious definition of “fix” but the basic argument is that when you mandate stablecoins to hold treasuries and they start seeing actual adoption, you create demand/sink for a couple extra trillion dollars of treasury bonds. Eg if Australian locals suddenly switch transacting cocaine at scale in Tether instead of AUD, the US government can borrow more money by providing that collateral to Tether. Edit: Izzy Kaminska recently had a, as always, solid and less snarky summary at https://www.financialsense.com/blog/21379/redollarization-and-digital-statecraft-how-stablecoins-are-rewiring-global-power https://www.financialsense.com/blog/21379/redollarization-an...
• fauria 1y ago
  Honest question: what kind of problem does this solve?
  • garbthetill 1y ago
    cheap fees, cross border payment without relying on legacy platforms like visa and mastercard. Also the added benefit of programmability
  • it_citizen 1y ago
    Second line of the page: > Stablecoins enable instant, borderless, programmable transactions, but current blockchain infrastructure isn’t designed for them: existing systems are either fully general or trading-focused. Tempo is a blockchain designed and built for real-world payments. What is different in the details, no idea.
    • Zanfa 1y ago
      Once you take into account AML and KYC laws, which will obviously be enforced should this gain any sort of adoption. What will be different in practice?
      • wmf 1y ago
        The US is working on a law that may exempt crypto from AML/KYC because "innovation". If that passes there will be a rush to blockchain everything.
        • Zanfa 1y ago
          I don’t see that happening, mostly because it wouldn’t benefit Trump in any way. He’s already free to (crypto) grift as much as he wants, he doesn’t need looser AML laws. Probably going to go the way of the strategic BTC reserve.
  • fcantournet 1y ago
    It solves a problem for Stripe : potentially evading some incoming regulations in payments in the UK/EU (and U.S probably). Regulations in payments tend to be very technical, and inserting some crypto/distributed plausible deniability in the mix could get them 5 more years of delay (until the next generation of regulations). It will depend on how those regulations take shape in the coming months.
• GaggiX 1y ago
  I know nothing about this technology/service but I do hope it would help avoiding the censorship from Mastercard/Visa.
  • ceejayoz 1y ago
    Stripe is deeply vulnerable to pressure from Mastercard/Visa.
    • contingencies 1y ago
      All of the above are also deeply vulnerable to any pervasive, government-supported payment systems. For example Pix (Brazil), Bre-B (Colombia; this year), WeChat/AliPay (close-to-gov duopoly in China). In this day and age, countries need not be beholden to the pile of duct tape that is the credit card system and its innumerate middle-men and inefficiencies. This is a good thing.
• AlexMoffat 1y ago
  As for reasons, in the US it's probably related somehow to trying to get in good with the current administration.
• ArtTimeInvestor 1y ago
  Welcome to crypto project number 206701341. At least that is how many are listed on CoinMarketCap: https://coinmarketcap.com/charts/number-of-cryptocurrencies-tracked/ https://coinmarketcap.com/charts/number-of-cryptocurrencies-... Bitcoin is decentralized because the sun distributes energy somewhat evenly across the globe. The other 206701340 crypto projects, including this one, are decentralized because ... ? From the very sparse info on the page, it seems this project does what so many other chains do to make payments faster and cheaper: They log them on a database that is synchronized across only a few computers. In other words: I can't find any info on that page explaining how they plan to achieve decentralization.
  • javier123454321 1y ago
    No, you misunderstand and are closed minded. Their corporate leadership has already stated in the roadmap and core value document that it will be neutral and permissionless.
    • ArtTimeInvestor 1y ago
      First, relying on plans some corporate leadership states is the opposite of a decentralized approach. Second, permissionless does not mean decentralized. You can have all validation of a POS chain ending up on a single computer.
      • throawayonthe 1y ago
        i think they're joking
  • plywoodtrees 1y ago
    Bitcoin is _not_ magically produced by the sun striking the ground. There are mild returns to scale in running large-scale mining operations and as a result mining power seems to actually be somewhat centralized under the control of a small number of players: https://digiconomist.net/cryptocurrency-decentralization/ https://digiconomist.net/cryptocurrency-decentralization/ Not to mention that "decentralization" is a technical property and not necessarily desirable in itself. Users might care about fairness, avoiding sanctions, purchasing illegal goods, etc, but these are only weakly connected to technical decentralization.
• ChrisArchitect 1y ago
  Not to be confused with Toronto Tempo https://torontotempo.com https://torontotempo.com
• anon191928 1y ago
  it will never be full available to us unlike bitcoin or ethereum? this is literally like a fast db? like you people here used to say. Finally HN is right and stripe founders joined on calling fast db a "blockchain" with lie. they will censor you and block you in blockchain level so literally db for few big companies, lol.
  • agd 1y ago
    If you want to be censorship resistant, stick to decentralized blockchains (ethereum + bitcoin). There's still value in Tempo vs traditional payment rails - (much) lower fees, faster + 24/7 transactions.
    • anon191928 1y ago
      sure there is value but it's just a some db with multiple hosters probably? are we going to be able to do basic things what other blockchains offer? probably no.
      • agd 1y ago
        The value will be in the utility of the stablecoins. These will be high trust, 1-1 backed, and fully audited. i.e. Much more than just a db with multiple hosts.
    • javier2 1y ago
      That doesnt help much. Since new regulations, it will be basically illegal for companies to touch your blockchain transactions without mapping out the source of funds.
    • akimbostrawman 1y ago
      >If you want to be censorship resistant, stick to decentralized blockchains (ethereum + bitcoin) Both of these are the antithesis to censorship resistance because not only are all transactions publicly tracable but also non-fungible making censorship not only possible but viable on a large scale. https://cryptodefendersalliance.com/blacklist https://cryptodefendersalliance.com/blacklist Monero is actual censorship resistant currency. https://www.getmonero.org/resources/moneropedia/fungibility.html https://www.getmonero.org/resources/moneropedia/fungibility....
• mahirsaid 1y ago
  Blockchain is such a useful and needed technology for mass adoption, yet so redundant to have in the US because of how much side-eye treatment it gets. Blockchain makes more sense to have here than anywhere else in the world. blockchain does not need to handle high transaction rate the same as visa or MasterCard protocols. There needs to be micro workers that can handle transactions in real-time in Blockchain methodology should be reserved for when recording these transactions. The whole point to have Blockchain is to maintain integrity and security, there is no need for this technology to do small tasks when something else can do that more efficient and successfully, When making this technology efficient, you tend to lose the essence of what that technology is representing in the first place IMO.
• abeppu 1y ago
  So like 11 years ago, Stripe made investments into Stellar, which was supposed to be a payment network that would facilitate transactions into existing currencies. I think that hasn't really gone where it was hoped? https://www.irishtimes.com/business/technology/stripe-takes-on-bitcoin-with-rival-digital-currency-stellar-1.1887360 https://www.irishtimes.com/business/technology/stripe-takes-...
  • wmf 1y ago
    Stellar was way too early.
    • criddell 1y ago
      It's still there though. Why not use it?
      • louisanderson01 1y ago
        tech debt, plus the EVM ecosystem has morphed into something beautiful, and robust in the meantime. I.e. it doesn't make sense to use something that's so far behind industry standard
        • albybisy 1y ago
          Stellar is modern and robust. They also lunched Soroban for DeFi. Stellar is amazing tech!
  • andruby 1y ago
    Thanks for calling that out. I was surprised there was zero mention of Stellar. The reason Stellar was appealing was because Stripe invested into it. I wonder if Tempo is using a similar consensus mechanism as Stellar (and/or Ripple)
    • mrbluecoat 1y ago
      Stellar was my first thought too. I predicted it would take over the low-value transaction / fintech crypto space with their fast transaction times, low fees, spam protection, and bank buy-in but it just went nowhere. sigh
• mvdtnz 1y ago
  Striking while the iron is hot.
  • smoovb 1y ago
    Much to the chagrin of Circle and USDC
• pc 1y ago
  There are lots of crypto skeptics on HN (and we ourselves were disappointed with crypto's payments utility for much of the past decade), so it might be interesting to share what changed our mind over the past couple of years: we started to notice a lot of real-world businesses finding utility in stablecoins. For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing money in long-tail markets. Another big customer, DolarApp, is providing banking services to customers in Latin America. We're currently adding stablecoin functionality to the Stripe dashboard, and the first user is an Argentinian bike importer that finds transacting with their suppliers to be challenging. Importantly, none of these businesses are using crypto because it's crypto or for any speculative benefit. They're performing real-world financial activity, and they've found that crypto (via stablecoins) is easier/faster/better than the status quo ante.
  • nasmorn 1y ago
    Because they are legally barred to doing the same thing in USD. Which is exactly what’s going to happen to this once enough people actually use it.
    • wmf 1y ago
      The situation has changed. The US is now leaning pro-crypto and they're also for sale.
      • Onavo 1y ago
        And yet USDC has a sanctions mechanisms built in.
      • sroussey 1y ago
        Other countries have controls on currency movements inside and outside their borders.
        • jcfrei 1y ago
          Blockchains (due to constantly changing validators, nodes, etc.) are much harder to shut down than some dedicated service. I think the current administration understands that loose stablecoin regulation further cements US dollar hegemony, curtails other countries attempts to deprive their citizens of payment and savings alternatives and creates more demand for US treasuries (because that's where stablecoin reserves end up). It's a win-win for the US government and bad for governments with a track record of poor fiscal and monetary policy.
• jstummbillig 1y ago
  Unironically excited to learn: Why is this a blockchain? Why could stripe not just do this (maybe better) without the blockchain bit? I am actually optimistic that, finally, there could be a convincing answer, because stripe does not strike me as the type of company that would do this without a very good reason. (I am slightly less optimistic, because the page itself does not offer an answer to this question, and instead argues for tempo against other blockchains. But only slightly.)
  • ycombinatrix 1y ago
    Maybe cheaper for Stripe, since they are offloading their compute to customers? I don't really get the draw either - what is the point of having a distributed blockchain if it is controlled by a single entity?
    • Nextgrid 1y ago
      Despite the crypto hype massively dying down there's still a ton of idiots and grifters believing in it in big corps (including banks). Stripe could be targeting that and believes they'd be able to extract more money out of those idiots than what it costs to run this blockchain. This could work as long as they're careful enough not to get high on their own supply.
  • avnfish 1y ago
    Here is my attempt: blockchain is a 'good enough' way to bootload a platform for making permissionless dollar-denominated payments. You could technically achieve the same functionality, with better performance, off an interoperable open standards database and communication protocol. But everyone from global south governments, to the CFTC/SEC, to Mastercard would be after you before liability could be effectively distributed. With the design they're going for, you can vaguely gesture to the stablecoin issuers, node operators and on/off ramp operators that will be there on day 1 as legally separate parties each carrying part of the liability. I will end with this thought: If we can get to a new local equilibrium where global transaction costs are 10x lower and >30% of global GDP can get paid faster / with better price signals / etc., shouldn't we try even if the tech is non-optimal?
• bflesch 1y ago
  This is off-topic to their grand blockchain adventures, but I need to mention it: I would love for stripe to start paying appropriate VAT on transactions between their merchants and EU citizens, I've been on their ass about it for nearly a year now. I've reported multiple merchants to them which simply refused to provide an VAT invoice for any transactions. Legally, merchants outside EU are required to pay VAT on their B2C transactions if their EU transaction volume goes above a certain limit, and provide VAT invoice for B2B transactions (but with 0% VAT because it is B2B). But unfortunately Stripe doesn't seem to have the technology to do a SUM(*) in their database, or check if an email address ends in '.de' or '.it' when they take the payment. So they simply do not give a damn if their merchants provide an invoice with the transaction or not. Oftentimes it was the problem to actually get an invoice document which has company name, company registration number, street address, city, and tax ID. Extremely basic information which is required on all EU invoices. Many times I have submitted invoices from Stripe merchants to my tax accountant and my tax accountant told me that those are not proper invoices and to please reach out to the merchant to get EU-legal invoices. Stripe has the technological capabilities to implement proper compliance checks, but they choose to let their merchants send you rubbish self-made PDF invoices with a big red "paid" stamp without any information or "official" Stripe invoices with total fantasy names and fantasy company information. You never know if your merchant is sitting in an embargoed country or is just some schmuck from San Francisco trying to hide their ties to a website. If other HN users from the EU have been fighting Stripe to get EU-compliant VAT invoices for their B2B or B2C purchases, please feel free to reach out. I've been doing a big stink about this and to me it feels like a deliberate pattern of enabling their merchants to ignore EU VAT obligations. It's really sad that my extremely positive impression of Stripe has been deeply tainted by this kind of experience across various purchases and subscriptions with Stripe merchants. I had to spend so much time pleading with them to provide proper invoices.
  • woah 1y ago
    How can an invoice "not be legal" if it records a transaction? Sounds like your jurisdiction is requiring superfluous formatting rules, but I don't see how that's anyone's problem except for yours. You're trying to get Stripe to force merchants to conform to some arbitrary document format for an invoice that isn't even part of Stripe's transaction flow, based on a regex on emails for certain TLDs?? Is Stripe the world's paperwork policeman? Maybe just don't order from merchants who won't supply you documents in the format you like, instead of trying to get Stripe to act as judge, jury, and executioner in the court of Stripe. Or talk to your government representatives and get them to lift these rules so you can do business like everyone else in the world.
• misiti3780 1y ago
  is this going to be open source?
• Illniyar 1y ago
  I guess domains might not mean as much as they used to, but xyz? To me that's something you get for experiments and one-offs, not something you use for a serious enterprise you want to get people onboard for. I honestly thought this was fake and not from stripe the first time I saw it. (I kinda still do with that domain.)
  • gnyman 1y ago
    tld's mean nothing anymore, but they still signal something, and to me .xyz is not a trust-inspiring tld According to this Krebs article https://krebsonsecurity.com/2024/12/why-phishers-love-new-tlds-like-shop-top-and-xyz/ https://krebsonsecurity.com/2024/12/why-phishers-love-new-tl... 13% of the xyz domains was related to phishing, not as bad as .top which ahd 30% but still bad.
• dkobia 1y ago
  This is a pretty big deal. Stripe is already processing billions of transactions. Additionally Stripe already has the relationship with merchants that other L1's lack along with the payment network expertise. If Stripe’s closed-loop system scales, banks and card networks could lose significant transaction volume, fees and even merchant relationships. Merchants and customers win with lower transaction fees. This marks a very credible and large-scale effort yet to challenge the Visa and Mastercard duopoly. Obviously not perfect and other questionable projects have stained blockchains reputation but it is a net win, no?
  • fruitworks 1y ago
    What is blockchains reputation and who cares? Blockchain is used as an umbrella term to lump useless systems like this and ripple into the same category as actual decrentralized cryptocurrencies.
• bgwalter 1y ago
  Who is backing this stablecoin? Who is managing the backing? Where is Tempo located? Tether has now moved to Bukele's paradise El Salvador and its backing is managed by Howard Lutnick's Cantor Fitzgerald. Previously Tether's funds were managed by Deltec in the Caribbean, a bank with a colorful history.
  • bflesch 1y ago
    It's crazy that after all this time Tether is still a thing.
    • quantumgarbage 1y ago
      Not only tether is a "thing", its actually in the top 10 US bonds buyer. So this "thing" isn't a business anymore, but an actual, proper, geopolitical actor.
      • bflesch 1y ago
        Thanks for sharing, that's news to me. They seem to have surpassed Germany as US treasury bond holder [1] but recently stopped buying bonds [2]. Do you have any information which geopolitical actor controls tether? Is it China or Russia trying to circumvent SEPA? Or North Korea because north korean hackers have so much bitcoin from their ransomware operations? [1] https://cointelegraph.com/news/tether-us-treasury-holdings-surpass-germany-q1-2025 https://cointelegraph.com/news/tether-us-treasury-holdings-s... [2] https://yellow.com/news/stablecoin-giant-tether-slashes-treasury-bond-buying-by-nearly-90-percent https://yellow.com/news/stablecoin-giant-tether-slashes-trea...
    • bgwalter 1y ago
      It has a certain utility and powerful friends: https://www.ft.com/content/b3c5b67d-1df8-4417-8dd5-2c86d76d6392 https://www.ft.com/content/b3c5b67d-1df8-4417-8dd5-2c86d76d6...
      • bflesch 1y ago
• pornel 1y ago
  This uses blockchain only for marketing buzzwords. Stablecoins require trusting that the coin issuer doesn't print money. This goes against the core premise of blockchain being trustless! This is just a payment API with extra steps (all of the integrity and identity features use cryptography that works without blockchain, unless your definition of blockchain is broad enough to include git and matrix chats, then the stripe thing is a blockchain too).
  • whimsicalism 1y ago
    not true of algorithmic stablecoins
    • k__ 1y ago
      Which algorithmic stable coins are left?
      • whimsicalism 1y ago
        dai/usds
    • StopVibeCoding 1y ago
      true of stablecoins. look up do kwon
• highfrequency 1y ago
  > EVM-compatible, built on Reth Anyone know what this actually means? Both literally (what is Reth?) and what it means qualitatively: are Stripe’s crypto efforts competing with Ethereum or strengthening it?
  • latchkey 1y ago
    EVM - ethereum virtual machine, meaning the execution layer for smart contracts, typically written in Solidity. Reth - ethereum protocol client written in rust. https://github.com/paradigmxyz/reth https://github.com/paradigmxyz/reth
  • deleted 1y ago
    [deleted]
  • louisanderson01 1y ago
    Over the past few cycles much of the innovation in the crypto industry has standardized on a instruction set architecture that being the EVM. This won't make sense if you think blockchains are databases because the forefront of the field uses them as full distributed computers (state machines). But with every ne L1(bitcoin, eth, ripple, think base blockchain), there were different instruction set it was essentially the old desktop environment where apps were siloed to platforms(Windows, Linux, Apple). The EVM has become the cross chain dominant instruction set so people who build apps on one chain can insta port the code to other evm compatible chains. Reth is a rust implementation of the EVM used for running nodes, made by a very prominent research and venture group.
    • J_Shelby_J 1y ago
      Most of the VC money invested into the crypto space is into evm projects. By volume of real world usage, the standard is the Solana virtual machine though.
• srameshc 1y ago
  [flagged]
  • latchkey 1y ago
    Pretty sure the TLD choice is meaningless in this day and age. Why would anyone even try to suggest that?
    • WhaleClub 1y ago
      Incorrect. Try sending a SMS message with .xyz domain. It won't be delivered.
      • latchkey 1y ago
        I wasn't talking about deliverability. I was talking about what the OP was suggesting, which was to imply that a .xyz "truly represents we are still trying to figure out a good usecase"
        • srameshc 1y ago
          I was taking a dig , I have nothing against any tld :)
• latchkey 1y ago
  I emailed them saying I'm interested, and my message bounced back as spam. ¯\_(ツ)_/¯
  • bornfreddy 1y ago
    They are bouncing back spam? Interesting... :-)
• dvt 1y ago
  > A diverse group of independent entities, including some of Tempo’s design partners, will run validator nodes initially before we transition to a permissionless model. So not decentralized at all. The only reason to not open source validators and allow the public to run their own is to make insiders rich. Another crypto grift that will mint a few millionaires before either being forgotten or merely being used as a speculative instrument.
• deleted 1y ago
  [deleted]
• nivertech 1y ago
  Somebody should start “Killed by Stripe - Stripe Graveyard”[1], because this project soon (several years max) will be featured there. —- 1. https://killedbygoogle.com/ https://killedbygoogle.com/
  • pixelatedindex 1y ago
    Are there other products they have killed like Google? It’s not really a graveyard if it’s just this project, and we don’t yet know that it will be killed
    • nivertech 1y ago
      killed by Stripe: +-----------------------------+----------------------+--------------------------------------------------+ | Discontinued Offering | Discontinuation Date | Notes | +-----------------------------+----------------------+--------------------------------------------------+ | Bitcoin Payments[1] | April 2018 | Phased out after decreasing adoption | | Verifone P400 Reader | Jan 29, 2025 | Fully non-functional | | BBPOS Chipper 2X Reader | Jan 31, 2022 (orders)| Still usable if already in customer hands | | SOFORT Payment Method | March 31, 2025 | Merged into Klarna’s solution | +-----------------------------+----------------------+--------------------------------------------------+ 1. https://stripe.com/blog/ending-bitcoin-support https://stripe.com/blog/ending-bitcoin-support NOTE: This table was generated by ChatGPT, I didn't fact-checked it.
• gmd63 1y ago
  The sad irony is that blockchain will do more to promote dictatorship as a superior form of government around the world than any other technology. Blockchain's primary usefulness has been to evade regulations, and due to the rapidly changing nature of the technology, representative democracies with legitimate legal institutions have lagged behind when it comes to regulating it. The country that wins (prevents fraudsters and scammers who exploit crypto) will be a dictatorship solely because a dictatorship is the only form of government fast enough to either rein in lawless cryptofinance, or exploit it maximally. When enough actual value creating people who bought in to the libertarian crypto fantasy finally realize that they're slaving away to make ends meet in an economy that enshrines meme coin shills and folks who use crypto to evade the law, it will have been too late.
• ixtli 1y ago
  why can i do 3-axis orbit control on the animation on the right lmao
• jrm4 1y ago
  Ah the layers. Okay, so one: Obviously pointless from a tech POV. There is nothing that a Stripe controlled blockchain could offer that a database could not. But then, why? Sadly, as someone who does like the ideals of true cryptocurrency, yet another way to make sure "real" crypto doesn't happen, much like what is happening to BTC. Here's hoping (yeah, it's a long shot) people see through all of this and maybe, MAYBE, get into the actual ideals of cryptocurrency again.
  • Goofy_Coyote 1y ago
    Can you elaborate on what is real crypto, vs what’s happening now with BTC or other decentralized stable coins, please? I’m curious to know more. Thanks
    • jrm4 1y ago
      The fees and slowness of BTC have essentially rendered it unusable as a "real cryptocurrency" and is more-or-less just being taken over by the banks. The others aren't doing well right now despite the fact that the tech that runs them can do what crypto promised, often better. It will all come down to whether people will buy in?
      • martinohansen 1y ago
        Isn’t the lightning network solving the slowness and high fees problem?
        • jrm4 1y ago
          Supposedly, but it doesn't seem to be happening -- the problem with those 2nd layers is that they end up simply inserting a point of failure that happens to be the entire point of cryptocurrency.
      • chabes 1y ago
        Wow, flashback to 2017. This was a narrative back then, and it led to the creation of (and eventual demise of) the bcash fork.
• zeven7 1y ago
  The job listing[1] for Rust Engineer at Tempo says > Attributes: High motor What is meant by that? [1] https://jobs.ashbyhq.com/tempo-xyz/aab97703-13e2-42e8-9fb9-9175f3895de9 https://jobs.ashbyhq.com/tempo-xyz/aab97703-13e2-42e8-9fb9-9...
  • klaff 1y ago
    If you need to ask I guess you aren't qualified. Rules me out too.
  • pixelatedindex 1y ago
    “Workaholic” is how I read it. They want people who are “motivated go-getters” and sacrifice personal wellbeing for company goals.
  • klaff 1y ago
    Best I can tell it's a sports term that has moved over. Google trends shows sudden peak in activity in just the past few months, so something has made the phrase trendy recently.
  • ed 1y ago
    It’s a phrase used by sports commentators. There’s a physicality in the definition that doesn’t really describe the best programmers I’ve worked with. > In sports, "high motor" describes a player who consistently exerts maximum effort and intensity on every play, showing relentless energy, enthusiasm, and a refusal to take plays off, even when tired or the game situation is difficult.
    • wg0 1y ago
      There are eight hours a day. You can't be high at all times unless under the influence of drugs. Feeling defeated is important too to rethink your strategy. Recruiters want Übermenschen probably.
  • fschuett 1y ago
    The requirement "high motor" is a new standard in the software industry, where you are expected to arrive at the interview levitating at least five feet off the ground, propelled by your own internal combustion engine. Your resume should include your horsepower (minimum 250), fuel efficiency per Jira task and preferred brand of motor oil.
• agambrahma 1y ago
  [I'm likely missing something, but] "EVM-compatible, built on Reth" => they're essentially building a private Ethereum fork with a fancy validator selection process. Couldn't they just get these benefits (predictable fees, fast settlement) by ... running a database between these financial institutions? If Stripe controls the validator set (even indirectly), then ... just a distributed database with extra steps, no?
  • kristjansson 1y ago
    Blockchains are foremost a social technology :)
    • sublimefire 1y ago
      It is possible to say that about many technologies, e.g. planes, websites, apps, even games.
    • fruitworks 1y ago
      All cryptography is about solving coordination problems
  • Jarwain 1y ago
    It sounds like different levels of influence/control/responsibility to me. Fancy validator selection sounds like the individual financial institutions are still responsible for managing and maintaining their nodes, which gives them a fair (as in balanced not fair as in a lot) amount of liability/responsibility/control. A distributed database, afaik, while geographically distributed, entails more centralization of power/control.
  • baby 1y ago
    Reth is basically a decentralized database, do you mean that they could have done without the EVM?
  • JeremyNT 1y ago
    > Couldn't they just get these benefits (predictable fees, fast settlement) by ... running a database between these financial institutions? Sure, but they wouldn't get all the legal and regulatory bypass benefits of using cryptocurrency.
• coppsilgold 1y ago
  Stablecoins are for all practical purposes Numbered Swiss Accounts v2. I actually don't understand how they were allowed to exist, it's impressive really.
  • NaomiLehman 1y ago
    Regulators were always very slow to catch up with new technology.
  • jgilias 1y ago
    They are the opposite of that. Once you interact with a KYC’d system, all your financial history is freely available to any sufficiently advanced actor who can get a hold on said KYC data.
• apinstein 1y ago
  Here's the play. It's very simple, and it's quite good. Stripe processes a LOT of money. The customers that get that money need to move it around. Often to banks. Stripe makes no money on that. Over the last few years, stablecoins have become a preferred means to hold and move money (for convenience, etc). Stablecoin providers make money on their float -- selling stablecoins means you get free deposits, and risk-free rates are presently around 4%. For every $1M in stablecoins your customers hold, you can make $40k/year. Stablecoin providers like Circle pay about half of that back out to partners that sell the tokens. Stripe is huge, and well-trusted by customers for handling payments. By adoption stablecoin infrastructure to control financial flows into stablecoins, they can amass huge amounts of stablecoin sales. If even ~3% of their transaction volume gets held in Stablecoins, and they make 1% a year on that, it's about $1B a year in bottom line. ~$10e9 (daily avg vol) * 365 * 3% (converted to stablecoins) * 1% (net income) = ~$1B
  • dmbche 1y ago
    Beautiful - clean and clear. Thank you. I'm not in that space, but how stable is that 4%? What is it correlated to?
    • CamelCaseName 1y ago
      Interest rates. Their returns are dependent on what they invest in, which is usually US treasuries (since the token is pegged to USD)
  • udev4096 1y ago
    Bullshit. The biggest stable coin, Tether, is pure scam. They are essentially creating money out of nowhere. They were found guilty of massive fraud and were fined $18M [1]. They refuse to get audited by a third-party [2]. The ones that do audit them are just as sketchy as them [3]. I would recommend watching this video to grasp the scope of their fraud [4] [1] - https://coingeek.com/tether-bitfinex-prohibited-from-operating-in-new-york-pays-18-5m-settlement-in-nyag-case/ https://coingeek.com/tether-bitfinex-prohibited-from-operati... [2] - https://ecoinimist.com/2024/09/20/concern-over-tether-audits/ https://ecoinimist.com/2024/09/20/concern-over-tether-audits... [3] - https://finance.yahoo.com/news/sec-fines-tether-former-auditor-071504133.html https://finance.yahoo.com/news/sec-fines-tether-former-audit... [4] - https://www.youtube.com/watch?v=-whuXHSL1Pg https://www.youtube.com/watch?v=-whuXHSL1Pg
• xpl 1y ago
  Why not use actual Ethereum as a base layer? If you want speed, build (or use) an L2 on top of it. I can hardly see any value in "yet another private blockchain" — just use a database, duh.
  • arccy 1y ago
    ethereum is expensive, and there's scaling limits, see all the posts coinbase puts out for their base chain.
    • kinakomochidayo 1y ago
      Those scaling limits are temporary though. PeerDAS in the next hardfork should increase scalability even more on the rollups. Most of these L1s will likely end up becoming L2s in the near future, especially if they can rake in revenue via sequencers
  • system2 1y ago
    Probably 50 years ago, some skeptics were saying, "Why database, just use a pen and a notepad, duh".
  • whimsicalism 1y ago
    exactly my thought. i have next to zero interest in yet another l1
  • epinephrinios 1y ago
    Greed. There's no technical basis. I am pretty sure they considered it and even though L2s do not pay much rent to L1, Stripe wanted absolute control (which goes against decentralization) and all the fees in their pocket. Just hoping this doesn't become another trend.
• baobabKoodaa 1y ago
  > A diverse group of independent entities, including some of Tempo’s design partners, will run validator nodes initially before we transition to a permissionless model. Ah yes, the good old "permissionless" blockchain, that's 100% centralized for just the first 100 years of operation, give or take [subject to updated timelines after 100 years]
• dotcoma 1y ago
  > The blockchain designed for payments So now it’s official? The other blockchains were designed for gambling?
• ajhaupt7 1y ago
  Looks like they're still using the Trial version of the font (Exposure) on the landing page there... https://www.205.tf/exposure https://www.205.tf/exposure
• udev4096 1y ago
  How ironic. Why would anyone trust you over bitcoin, which has been around for decades?
  • kinakomochidayo 1y ago
    Using Bitcoin for payments is a tax nightmare and clunky UX. Stablecoins are way better, albeit on more decentralized chains like Ethereum.
• alphazard 1y ago
  It doesn't look like there's any information about the consensus mechanism, until that's described in detail, it's unclear what the advantages are, or if it really is suited to payments. There are existing algorithms (like Avalanche L1, or some of the Ethereum L2s), which have fast finality particularly suited to the point-of-sale use case. They cut out a lot of work for themselves expecting stable coins to materialize on their own chain. It's Stripe, so maybe they are allowed to mint their own USD stable coin, but that's one coin. They might have been better off making an L2 on Ethereum. Otherwise they are going to have to run Uniswap in their EVM implementation and hope that liquidity shows up. I can see Stripe's customers wanting to use a solution that just works and is backed by Stripe's own distributed ledger, but I can't see their customers' customers wanting to do the same. Their customers' customers are going to want liquidity to other tokens, and privacy. At this point I don't think that a payments protocol can succeed unless it provides privacy comparable to Monero, liquidity to a major L1 and its family of tokens, and of course, fast finality.
  • wmf 1y ago
    They cut out a lot of work for themselves expecting stable coins to materialize on their own chain. I assume there will be bridges to other chains so even if, say, USDT is not natively issued on Tempo you can bridge it. It's Stripe, so maybe they are allowed to mint their own USD stable coin Stripe has USDB. https://www.bridge.xyz/news/usdb https://www.bridge.xyz/news/usdb
• animitronix 1y ago
  OMFG STOP TRYING TO MAKE BLOCKCHAIN A THING ALREADY. IT FAILED. MOVE TF ON.
  • hollerith 1y ago
    If it failed, why do you feel the need to shout?
• irusensei 1y ago
  They'll censor transactions for things considered icky by your average suit corpo drone won't they?
  • ozgrakkurt 1y ago
    Yeah, no point in using it except bridging probably
• mNovak 1y ago
  I have nothing intelligent to say about the blockchain aspect, but this is one of the most illegible websites I've encountered recently. What is the purpose of the crazy spaghetti text background and random low-contrast color palette? Why am I given a cosmetic customization panel for what's supposed to be a serious financial product?
• ursuscamp 1y ago
  The sales pitch: It's permissionless, but also has baked in compliance. These two things are not compatible. Stripe must comply with US regulation, they aren't going to launch a financial network that is actually permissionless.
• kevinsundar 1y ago
  Hit spacebar on the website for even more insane visuals!
  • screaminghawk 1y ago
    Wow, thanks. Also helps when the color randomization makes the website unreadable
• kinakomochidayo 1y ago
  There’s really no need for a separate L1 to do stablecoins. Just build a rollup on Ethereum.
  • fruitworks 1y ago
    Why? just to compete with everything else on etherium for greater and greater fees?
• johnwheeler 1y ago
  Why is this better than PYUSD?
  • simpsond 1y ago
    PYUSD is a stable coin, not a blockchain. PYUSD will likely be available on Tempo, bridgeable to and from other chains.
• uyzstvqs 1y ago
  > Tempo is a neutral, permissionless blockchain open for anyone to build on. > A diverse group of independent entities, including some of Tempo’s design partners, will run validator nodes initially before we transition to a permissionless model. > Protect your users by keeping important transaction details private while maintaining compliance standards. Sounds like it actually has potential. This could enable global QR-code payments using and open, decentralized, and private system. Something like fiat cash payments, but digital. I hope that Valve is keeping track of it, for starters.
  • sfdlkj3jk342a 1y ago
    If it will really be permissionless, what value is Stripe adding? Why not use any other fast, low-lost L1 like sending USDC on Solana?
    • wmf 1y ago
      Presumably any merchant that uses Stripe today will be able to accept or receive payment over Presto.
  • littlecranky67 1y ago
    > This could enable global QR-code payments In what currency? As I understand it, Stablecoins are bound to an underlying currency. If you do not wan't to tie it to a currency, bitcoin would be the prime candidate. And with its layer 2 solutions such as Lightning, there is already a decentralized system for fast, cheap and private payments.
    • uyzstvqs 1y ago
      If this Tempo blockchain truly delivers, it'll not be that difficult for anyone to create a decentralized exchange using smart contracts and AMMs. And you can create a Wrapped BTC to use as well. Also gold-backed stablecoins. Lightning is not a solution. Having to run a node that's online 24/7 is unreasonable, and so is having to convince others to allocate inbound liquidity to you. Any wallet which does not require this is heavily centralized and often custodial.
• nevi-me 1y ago
  I was initially going to reply to someone, but maybe this is useful as its own parent. In my finance experience, the answer to the "why blockchain" question is settlement. Every banking system (local, international) has a settlement process. Settlement is where bank counterparties have to tally up who owes whom, and pay each other. That process still takes time internationally, and is complex because of the parties involved. A more concrete example (I've audited interbank settlements for a local bank in my country): When I buy something from Amazon as a crossborder transaction with my Visa, my bank and the merchant/bank that Amazon use enter into a counterparty obligation, where in a direct way they'd have to pay each other, incl moving funds between countries. If these 2 banks are the only banks in the world, they can both tally up the transfer of funds to each other, and then pay each other the difference. That'd still take time, right? Now, we have hundreds of counterparties, using different systems, Visa, MasterCard, Amex, local clearing houses for EFTs, etc. There's also merchants like Stripe who'll be doing the processing, central banks who also ultimately settle currencies among each other. They all have to wait for proof of funds clearing at some level. If I'm doing an international transfer to my friend, their bank won't want to just credit their account instantly because the time it'll take for them to receive settlement of those funds isn't instant. Else they're going to pay the cost of a deposit that isn't there (let's assume my friend earns interest on positive balances). The process is that the banks have to recon each clearing house's balance, aggregate that to a list of values like: * Amex: owes us R200m * Visa: pay them R300m * Clearing house: etc. Typically the bank's treasury department then effects those transfers. Don't know about other banks, but the bank I audited, it was done by a person daily, their responsibilities are to ensure those settlement aggregates are received/paid, and to resolve differences. Beneath this person, at that bank, was a team of people who did recons all day. This was in 2012, so hopefully things changed, but I know that team still exists. Once settlement's taken place, there's another team that verifies international settlements and then approves transfers to my local account. As a data point, it used to take me ~7 days to receive my salary from a US employer while in South Africa. With crypto, my experience has been that settlement gets delayed, virtualised and distributed because you have a single layer (or still fewer layers across chains). You send me USDC from wherever, we already don't involve: * Payment processors like Visa * Central banks as no balance of payments processes are affected * Banks who need to reconcile cross-payments and settle them Instead, if we're using an exchange (if you're using a local exchange), the funds arrive in the exchange's wallet shortly. The exchange has a constant flow of users buying and selling their local currency. They're in charge of settlement between their wallets and bank accounts. I'll sell my USDC into my local currency ZAR, and if I withdraw it, the exchange keeps ZAR in local banks, and they send me that money immediately. My crypto salary would be in my bank as ZAR in 30-60 minutes. Now, I said that crypto delays settlement. My exchange will eventually run out of fiat currency, or need to rebalance. They'll trade some other counterparty exchange, and settle that transaction through SWIFT/equivalent. That settlement will take the 5-7 day process. They just delayed it for their client. I said it's virtualised because they've skipped the whole process of moving net flows and relied on a central entity, the blockchain, to do that. Ultimately it's a faster process than that backoffice of the bank. And distributed. Every exchange or remitter has now become their own micro clearing house, and they participate in the banking system by earning their own fees, running their own process. They only need to interact with each other at higher levels if they need to convert their USDC to US dollars. Interestingly that process happens at one place, but as long as cash and tokens move bidirectionally, the process can get relayed to the point where only a few US banks need to deal with the issuer of USDC.
• metalrain 1y ago
  You don't need blockchain for that. Total BS.
• EGreg 1y ago
  Unstoppable force: Stripe, an early YC darling, known for really developer friendly payment platform Immovable object: The perennial HN hate for all things blockchain, complete TLDR energy when it comes to crypto This should be interesting
• xyst 1y ago
  Re-igniting use cases of blockchain while the current kakistocracy has the regulatory agencies sedated.
• wiradikusuma 1y ago
  I think it's more like "SWIFT but using blockchain" instead of Bitcoin competitor. Regardless of that, I wonder how's Bitcoin/ETH's market value with the introduction of Tempo? Since it's like the better version (if you don't mind oligarchy)
  • wmf 1y ago
    Gold and Visa don't compete so I would say Bitcoin and Tempo don't compete either.
• byronic 1y ago
  This would be more exciting if the current steam/itch situation didn't rest (at least partially) on their shoulders as payment processors. Other people in the threads have brought up the lack of regulation and market capture that Stripe enjoys so I won't rehash those points here. I can't see this as a positive because of how Stripe has behaved in terms of preventing transactions in the past. Although Tempo is behaving more like a b2b model or fintech-specific orgs in this case, the shoe-drop is when they decide a particular bank, or fintech org, or product is not allowed to perform the transaction on their network after the market capture takes place.
• Imustaskforhelp 1y ago
  Imagine my delight as a crypto cynic who only admires gold/stablecoin and had recently created a article just for hn (and thus the name) about this... and how stablecoins make sense But I had literally said that stripe should've actually ventured into and created their own cryptocurrency or something... Tada, I might be one of the happiest person thinking that I actually really predicted something by my own observations. here's the blog post: https://justforhn.mataroa.blog/blog/most-crypto-is-doomed-to-fall-the-tech-is-cool-though/ https://justforhn.mataroa.blog/blog/most-crypto-is-doomed-to... By what I meant most crypto, I meant anything aside from stablecoin (like gold backed/usd backed) Now that being said, I am still a little critic as to I don't see any offical stripe message and I don't see a way on how it would be implemented? Like one of the things that I wished in my article was this idea that someone on twitter originally asked where currently if you had money in stripe and wanted to pay it anywhere else, you had to have it enter your bank which might take 14 days and then lets say you want to give it to someone else who has stripe(think anthropic), then they would get it back again after 14 days So someone basically asked to create something similar to a stripe card. I think that this blockchain is it, except I feel like that you could send money to anyone in a non kyc manner too via this which is again a plus point for sometimes where I feel like that in this world every transaction is usually tracked and as such something like this change is really welcomed. Once again, can someone really explain what is going to happen in tempo's future as maybe its me who couldn't focus in such a website. I actually went and read the article that the other company that partnered with stripe (paradigm), so I just read paradigm's article: https://www.paradigm.xyz/2025/09/tempo-payments-first-blockchain https://www.paradigm.xyz/2025/09/tempo-payments-first-blockc... and they say that it is a new incubator/partnership b/w stripe and them, but would that mean that this tempo is going to be integrated in the stripe ecosystem or no? I always thought that stripe and stellar had some deep connections but honestly I couldn't care less about it. I don't care about these fake tokens but rather stablecoins/gold stablecoins
• hoppp 1y ago
  Well I might be creating something for this if the chain is programmable. Its interesting because stripe is a trustable party so far.
• ball_of_lint 1y ago
  There's a little panel on the bottom right where you can change some parameters of the animation - setting twist high makes some interesting patterns. I wonder if that's intentional or left in from debugging the animation when it was being created. As-is felt like a nice easter egg and I appreciated it being included.
  • haberdasher 1y ago
    This whole thing is a distraction. What does it add beyond the "wow - you can do cool things on the web these days?"
• Marazan 1y ago
  Does Stripe have the ability to freeze tokens on the blockchain like Tether can?
• abvdasker 1y ago
  Didn't a number of companies led by Facebook already attempt to do this with Libra (Diem) and basically got nuked from orbit by US regulators? I have to assume this is primarily happening now because there is a more favorable (nonexistent) regulatory environment.
  • whimsicalism 1y ago
    the reality is that most new projects started by Meta are going to be nuked from orbit when democrats are in control (even if started during republican control). Stripe has less reputational risk so is less likely to experience the same.
    • abvdasker 1y ago
      From what I have heard it wasn't just the US but other governments as well which came down on them quite hard. States broadly do not like it when a bunch of huge corporations get together to issue their own currency.
• anthem2025 1y ago
  I’ll believe in stable coins when tether passes an audit. Actually even then I still consider it nonsense.
• dcreater 1y ago
  Would very much appreciate a comparison to USDT and USDC, both of which seem to have become more legitimate in recent times
• adxl 1y ago
  There are four bullet points that answer the question why would you want this. The one that really stands out to me is “ 03 :: Predictable low fees Transform your cost structure with near-zero transaction fees that are highly predictable and can be paid in any stablecoin.” I question why some of large companies that are named here as partners would want this.
  • hrdwdmrbl 1y ago
    That’s true! That’s a big conflict of interest for a company like Shopify who makes a lot of money charging payment processing fees.
• hrdwdmrbl 1y ago
  Blockchain people have always hated chargebacks, but any successful payment rail needs a system for dispute resolution. I run e-commerce business and I’ve received bullshit chargebacks before. But I’m also a consumer and I’ve filed legitimate chargebacks before. Related: I’ve also had my bank send money to the wrong place before. There must be some means of reversing transactions in some cases. Some arbitration mechanism. Some dispute resolution procedure. Some means of doing escrow.
  • ozgrakkurt 1y ago
    You can easily build escrow on chain but obviously it can’t decide on chargebacks. So you need a real world entity that is responsible for that. You already have binance b2b and similar stuff that do escrow and it works ok
    • hrdwdmrbl 1y ago
      There do exist automated dispute resolution mechanisms like UMA. Though even they reduce to human voters when results are disputed. So effectively yes, you need (a) decision maker(s) in the loop.
• Liron 1y ago
  Let me help explain whether blockchains are useful or not: They're not. The US gov let Circle be a less-regulated bank than other banks. This is called "regulatory arbitrage". You can take advantage of it by checking the box that you have a "blockchain". Stripe noticed "wow, things labeled blockchain are nice for some people to use" because of this dumb inconsistent banking regulation situation. Stripe doesn't mention that the underlying tech is impotent, they just have to play along, and here we are.
  • garbthetill 1y ago
    ngl you are not wrong, I've never thought of it like that. Is there an argument that it can never really be regulated? sure if the US gov stops circle from buying treasury bills & you cant get a stable usd, whats stopping you from pegging it to another currency like a yen, pound, euro etc or gold, silver etc I think it is useful and is here to stay
    • Liron 1y ago
      It's entirely at the whim of the US government whether they allow non-KYC foreign people to have USDC accounts. Right now they say USDC:Yes and USD:No. They could easily say yes or no to either one at any time. Blockchain as technology is irrelevant.
      • LudwigNagasena 1y ago
        Technology is relevant because it is the very reason they have to say yes to USDC and try to at least partially regulate it. If they could, they would say no and even ban it completely, but they can’t.
        • richardwhiuk 1y ago
          They can, it’s just this administration isn’t interested in doing so.
        • Liron 1y ago
• devJdeed 1y ago
  [flagged]
  • nodesocket 1y ago
    Bugger off.
    • devJdeed 1y ago
      [flagged]
      • wiredpancake 1y ago
        [flagged]
        • tomhow 1y ago
          We've banned this account for repeatedly posting comments like this and ignoring our request to stop.
• deleted 1y ago
  [deleted]
• arrty88 1y ago
  their own L1 chain that supports the same EVM contracts that eth supports? WoW
• martindale 1y ago
  Ah yes, the fight you phase.
• mrkramer 1y ago
  Why banks don't make their own blockchain or public distributed database of transactions or whatever else you want to call it. There are thousands of banks in the world and each of that bank can be a validator node. Seems like pretty robust network to me.
• portly 1y ago
  I'm surprised by their extraordinary claim of 100,000 TPS. That would require extraordinary evidence, especially with contention and hot accounts in mind.
• mid90sahsan 1y ago
  Man i would like to see border less payments for evyerone. One card works everywhere, every vendor, low transaction fee.
• lifeisstillgood 1y ago
  So the way I’m understanding the conversation is that 1. We all desperately need a sane digital instant means of transferring money between “institutions” that just works 2. No-one believes that a third party solution would not end up with that third party holding everyone over a barrel (Visa but on steroids). So any simple “use Postgres” is out 3. So it’s either a trustless, open blockchain (bitcoins blockchain or possibly this Tempo). But there are huge drawbacks to The Blockchain - apart from the ratty reputation it has so far, there are problems with making a reversal of payment of both parties don’t agree, and other issues as nauseum. I don’t get how well tempo solves any of this. 4. We end up with what I think is likely to be the solution(s). Islands of “trust groups” that replace SWIFT and its like with blockchain in a piecemeal fashion, but the cost benefit ratio is totally subsumed by the massively high costs of replacing the towers of process, regulation and software balanced on top of SWIFT etc 4.a. Or the central banks introduce their own “stablecoins ” - and people punt all the complicated bits of law and regulation and reversals over to the existing legal regulatory frameworks. In short the ultimate problem is that sending a signal moving 1 million dollars from Kenya to Kansas is simple (wooden sticks did this a millennia ago). The problem is a legal, cultural, social framework that all parties can trust and believe will fix their grievances. That’s basically … the global Legal framework we have now, with the solutions we have now including following court orders. If the electronic system cannot follow the current frameworks requirements (ie the old lady did not mean to send her life savings to that wallet, get it back) then the electronic system still needs overlays that can - and there is not just a lot of complexity - there is an incredible amount of complexity I get the feeling I’m yet again talking myself out of thinking we can have a sane digital currency for similar reasons to why we can’t vote electronically. I’m paying for my round at the bar in cash.
• grigio 1y ago
  Wow, they invented a database on a blockchain /s
• yunohn 1y ago
  It’s important to distinguish that these kinds of announcements are only confirmations of the underlying value/potential of limited parts of crypto tech. But NOT a celebration of crypto coins, even though resulting market and Twitter activity would have us believe otherwise. It’s not like stripe is buying specific coins…
• specproc 1y ago
  The scene has really moved on. I had a modest amount of bitcoin that's just been sitting there since the Silkroad. I'm broke and finally decided to use it. Asked a crypto friend how to manage it in 2025, he pointed me to a service that I could use with Google Pay. Mental. I was just walking into normie places and paying with my ill-gotten gains. It's gone mainstream for sure.
• 6r17 1y ago
  I worked in crypto space for about 2 years ; and even tough we had great use of the crypto-system for our community ; it ended up being a large cost that we could have yielded better with something else - and it was not because specifically "crypto" - but because ultimately the engineering costs of a generic purpose chain are replicated to all child-chains. So you end up with drastic cost for something that would have seemed pretty simple to resolve. Not only that - the hole thing stinks with a lack of engineering methodology - there are so many ways to build a decentralized system and many of these are shadowed by the constraints and what-not blockchain overhead is adding. I'm not saying is *bad for everything* - i'm saying it's difficult to use properly ; and using a "chain as a service" ultimately provokes a lot of cost. For the one that stripe is providing ; I suspect it's a POA with standard implementation which is specifically tailored for building coins - and this is another subject which is very grey as indeed this provides a way to incentivize, construct "exchange contracts" for certain actions etc... - this is an interesting space - but as others are saying it's also very unregulated. I'm cautious about these
  • utyop22 1y ago
    My feeling is many people want to see change but they forget that ultimately economics is what matters. If you can't make it economically viable, it shouldn't exist. Pure and simple.
• vvpan 1y ago
  There have been a few attempts to start private L1, but based on what EY's Paul Brody says they fail due to the complexity of validator politics and inability to achieve a reasonable level of trustlessness. The more respectable public chains do not have this problem. It is also the reason why we have seen more companies launch their own L2's - L1's are just a messy business.
• homakov 1y ago
  Is it a blockchain though? Or anything that remotely resembles block creation in some concentrated datacenters with Tempo's "design partners" gets to be called that. Something claiming over 20-30 tps onchain is usually a big blocker. Big blocker design is well recognized as insecure: no end user is able to run a full node locally, only datacenters are able to keep up with 100k tps load. Which diminishes entire purpose of creating a blockchain. Could have been a database with 100k tps or 3-of-4 validator multisig like Hyperledger, wouldn't matter.
• gip 1y ago
  Crypto has delivered a lot of great projects in the past 10+ years: * A new store of value (Bitcoin) * Programmable money with a lot of innovation still happening (Ethereum ecosystem) * Fully compliant chains for decentralized finance and payments * Fully compliant solutions for enterprises (Ripple and tons of others) * Projects that support financial inclusion worldwide (Stellar is awesome) * Stablecoins - basically stable, open, regulated money with lower fees * Privacy is the next focus with zero-knowledge (a very impressive tech) is being integrated * ... and a lot more ... Sure, some people thought buying tokens was a way to become rich quick and lost money. Yes, some projects were not regulated and the regulators need to catch up. But overall progress is impressive imo.
• thallavajhula 1y ago
  The animations on the landing page are so over-engineered, I love it. The light movement along with the mouse on hover, the movement of the right animation based on the scroll and mouse movement while mousedown activated, the zoom-in as you keep scrolling down. Love this attention to detail on a landing page.
• nextworddev 1y ago
  Stripe is part of “them”
• worik 1y ago
  Money, and the financial system, run on trust. Money can be viewed as a web of trust. There is no technological replacement for trust. To think otherwise is a bit daft.
  • utyop22 1y ago
    Ah finally someone who gets it lol. All financial instruments are expressions of trust / promises or more informally known as IOU's. I'm yet to see someone do a thorough economic analysis of how all this blockchain stuff will positive impact this. I have no bias - please bring me well formed arguments. I want to see them!
• nomilk 1y ago
  The most important question is What's the use case?. Can anyone answer this? (I'm not asking to be rhetorical or negative, just critical but inquisitive).
• TheDudeMan 1y ago
  They saw how much money stablecoin issuers are making. Simple as that.
• jgpmm 1y ago
  Look, scroll animations tend to be pure bloat… but as far as bloat goes, that’s pretty damn cool
• sciencesama 1y ago
  Is this a blockchain based on ethereum!??
• poopsmithe 1y ago
  You lost me at, "request access." Only open blockchains will survive at this point.
• Mariah23 1y ago
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  • derangedHorse 1y ago
    Beware, this is a scam. I've seen a number of these on X and Youtube, but I'm surprised to see it appear here as well.
• lawrenceyan 1y ago
  Solana does everything this L1 purports to be able to do by the way, and better. You can also actually use it today! Good luck to Stripe though. Building the network effects necessary for an L1 is very difficult.
• Animats 1y ago
  "Comprehensive technical documentation for developers coming soon." Is this an actual public "blockchain"? Can anyone read it and archive all the transactions? Are there multiple validators who have to agree? Or is this really just a proprietary database?
• testfrequency 1y ago
  The Kushners’ must be so excited to see this launching
• martin82 1y ago
  It is fascinating to see how Stripe was so close to integrate Bitcoin, but then did a 180 and decided to stand on the wrong side of history every since. No idea what the hell is wrong with their CEO.
• chinathrow 1y ago
  > Global payouts > Pay anyone, anywhere, in any currency—without banking delays or fees. Being a Stripe customer from Country XY, charging my customers in USD and getting charged a hefty fee by Stripe for the conversion when I have a payout, I wonder how this would affect their business model.
• olliem36 1y ago
  Co-founder of Lopay here, we're a small but heavy Stripe user with £1B+ processed across Connect, Terminal, Identity, Instant payouts, Issuing... you name it. We're looking at stable coins for the following use cases: 1. Instant clearing and settlement of 'floats' & liquidity - EG moving liquidity between our network to support instant/same day payouts or instant funding of a spend card. 2. Instant cross border payments (lots of people doing this already in companies that operate multinationally). EG, our USD top-ups today take 3 days in fiat, which can cause operational issues. 3. Offering our merchants (who are typically small businesses) optionality to hold USD in countries that have volatile currencies. I'll also note that many people forget that the cost of a payment network isn't merely the movement of money, it's also KYC, dispute resolution, fraud prevention etc... I wonder if the tempo team has looked at AI automating dispute resolution and fraud detection/prevention 'on chain'.. The network could fund the compute required for the AI to complete these tasks.
• egorfine 1y ago
  My first impression is that it perfectly combines all the drawbacks of blockchain technologies with the rigidity and restrictions of a centralized TradFi system. Yeah I can't wait to run my operations on a KYC-guarded, AML-choked blockchain in the US jurisdiction. (and I'm saying that as a huge crypto/blockchain optimist)
• countyside 1y ago
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• alkonaut 1y ago
  So if one ignores the liability/regulation part of this stunt, and just look at the technical merit. Could you then say that this blockchain really provides nothing that a traditional centralized system wouldn't? But at much higher complexity and cost? Wouldn't that just mean that the whole schtick is to avoid regulation? If I as a regulator saw this, I'd just schedule it for my next meeting, since you want to avoid having companies doing regulatory exploits "until regulation catches up". It's Uber all over otherwise.
  • nlitened 1y ago
    > Could you then say that this blockchain really provides nothing that a traditional centralized system wouldn't? Blockchains (in general) enforce not only open code, but open data. Technically, nothing prevents traditional banks to offer standardized easy-to-use and easy-to-onboard API access to their financial data, but in reality incentives are not there (quite the opposite). Blockchains are a contrived way to enforce open code and open data. There are other technical ways to do that, but none of them has been found to actually work in reality.
• kayamon 1y ago
  The only secure blockchain is the blockchain with the longest proof-of-work history.
• solarkraft 1y ago
  > The blockchain will be secured by an independent and diverse validator set, with a roadmap toward permissionless validators This sounds like a „private blockchain“, which loses a lot of the advantages to me, but, if designed correctly, it may still produce a very solid and long living platform if there are many parties interested in keeping it running. Do consider me skeptical that Stripe will actually cede enough control for this advantage to materialize since that’s just not what companies are incentivized to do.
• 1970-01-01 1y ago
  Doesn't pass the Grandma Test. I could not simplify this enough to explain what this is to anyone non-technical and neither can you: Tempo is a purpose-built, layer 1 blockchain for payments, developed in partnership with leading fintechs and Fortune 500s. With support for all major stablecoins, Tempo enables high-throughput, low-cost global transactions for any business use case.
  • Zpalmtree 1y ago
    send money fast and cheap maybe you are just stupid?
    • 1970-01-01 1y ago
      Grandma asks how she can send her grandson 1 of these table coins for his birthday. Is it fast enough to get to him by Tuesday night? How much does it cost to send it on email?
      • fragmede 1y ago
        > If you’re a company with large, real-world economic flows and would like to help shape the future of Tempo, get in touch. This isn't even for you or I, nevermind grandma.
• starstripe 1y ago
  I feel like the success of new cryptos is not dependent on technology, but on marketing. Otherwise everyone would be using Algorand.
• Mrcontent08 1y ago
  “What fascinates me about this Stripe + stablecoin integration is less about the underlying blockchain, and more about the actual behavior change it can trigger in businesses. For example, in markets like Latin America, stablecoins aren’t just ‘faster payments’—they’re an escape hatch from broken financial infrastructure. That makes them feel less like a new technology experiment and more like electricity or the internet: invisible, but transformative. The interesting question to me is: what happens once small/medium businesses start building on top of this instead of just using it for payments? Could we see the same pattern as the early web—where it started as “publishing pages” but turned into entire industries?
• MrContent04 1y ago
  “What fascinates me about this Stripe + stablecoin integration is less about the underlying blockchain, and more about the actual behavior change it can trigger in businesses. For example, in markets like Latin America, stablecoins aren’t just ‘faster payments’—they’re an escape hatch from broken financial infrastructure. That makes them feel less like a new technology experiment and more like electricity or the internet: invisible, but transformative. The interesting question to me is: what happens once small/medium businesses start building on top of this instead of just using it for payments? Could we see the same pattern as the early web—where it started as “publishing pages” but turned into entire industries?”
• cheema33 1y ago
  An example list of "stable" coins that became unstable: TerraUSD (UST) NuBits DEI flexUSD USD has been here all this time. And is a safer bet than any stable coin.
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