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Cyril

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Payments giant Stripe will tap Matt Huang, the co-founder and managing partner at crypto venture firm Paradigm, to lead its upcoming blockchain, called Tempo, according to Fortune. Huang, who is already a Stripe board member, will continue his role at Paradigm as he takes the new job, Fortune reported, citing one of the people. Stripe is developing its own blockchain that specializes in payments, the publication reported. Stablecoin issuer Circle and brokerage app Robinhood have also said they are developing their own blockchains. Stripe has been making big bets in #Crypto payments, including acquiring stablecoin infrastructure firm Bridge in a $1.1 billion deal this year and enabling merchants to receive stablecoins. A representative for Stripe had no comment on the news, and Paradigm didn’t respond to requests for comment. https://fortune.com/crypt..
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fortune.com

Exclusive: Top crypto VC Matt Huang to lead Stripe blockchain Tempo as CEO, stay at Paradigm

Huang serves on Stripe’s board, and his VC firm Paradigm is helping incubate the fintech’s blockchain.

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