According to reports from CoinWorld, multiple informed sources have revealed that payment giant Stripe is accelerating its entry into the Blockchain sector with a new project called Tempo, appointing Matt Huang, co-founder and managing partner of the encryption venture capital firm Paradigm, as the first CEO of Tempo. Huang is also a member of the Stripe board and will continue to serve as managing partner at Paradigm. Previous reports indicated that Stripe is collaborating with Paradigm to develop the L1 Blockchain Tempo.

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