Visa, Stripe, and Zodia Custody by Standard Chartered have become the first external validators to join the Tempo stablecoin payments blockchain.
Editorial
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Incubated by Stripe and backed by crypto investment firm Paradigm, Tempo is an independent company working on a payments-oriented blockchain for high-scale, real-world financial services application.
Unveiled in September, in December the venture began testing its mainnet with partners including Visa and Mastercard. In March the mainnet went live, promising the ability to handle high volumes of low-cost stablecoin transactions.
Visa’s validator node has been configured and managed in-house, following six months of joint work with Tempo’s engineering team to directly integrate its secure infrastructure to the Tempo network.
The payments giant says that this approach places it at the core of transaction validation and supports the overall security of the network. By operating as an anchor validator during this initial phase, Visa is helping ensure Tempo operates with the reliability, resilience, and performance required for emerging payment use cases.
Cuy Sheffield, head, crypto, Visa, says: “By operating a validator on Tempo, we’re extending Visa’s commitment to reliability, security, and trust into blockchain networks – supporting the development of stablecoin payment systems that meet the high operating standards our clients and partners expect.”
