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Tempo raises $500m in Series A funding

San Francisco based blockchain payments startup raised $500m in Series A funding led by Greenoaks and Thrive Capital.

Tempo is designed as an Ethereum-compatible Layer 1 optimized for high-throughput payments and settlement. The network is already working with firms including OpenAI, Shopify, Visa, Anthropic, and Deutsche Bank, according to earlier statements from Stripe CEO Patrick Collison.

Tags

crypto, payments, stablecoins, layer 1