Stripe · Jensen Huang · Standard Chartered · The Block
MoneyGram named ‘anchor remittance validator’ for Stripe-backed Tempo blockchain
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
MoneyGram was named the "Anchor Remittance Validator" for Tempo, the blockchain co-developed by Stripe and Paradigm.
Key facts
- Tempo mainneted in mid-March, after raising a $500 million Series A in October
- MoneyGram has long served as critical infrastructure powering global money movement," MoneyGram CEO Anthony Soohoo said in a statement
- MoneyGram was named the "Anchor Remittance Validator" for Tempo, the blockchain co-developed by Stripe and Paradigm
- As part of its role, MoneyGram will validate remittance transactions on the Layer 1 blockchain and integrate stablecoin settlement, including with Stripe, for its global flows, according
Summary
As part of its role, MoneyGram will validate remittance transactions on the Layer 1 blockchain and integrate stablecoin settlement, including with Stripe, for its global flows, according to an announcement on Wednesday. "Tempo is built for institutions powering everyday payments," Matt Huang, Tempo founder and managing partner of Paradigm, said. MoneyGram was named as one of Tempo’s initial cast of corporate validators, including Stripe, Visa, and Zodia Custody, which is now being absorbed into Standard Chartered. Tempo mainneted in mid-March, after raising a $500 million Series A in October.