Tech giants in the financial technology sector are quietly laying out plans in the blockchain field. According to reliable sources, a well-known payment processing company is collaborating secretly with the crypto assets investment firm Paradigm to jointly develop a brand new public blockchain, codenamed Tempo.

This emerging Blockchain is positioned as a high-performance Layer 1 solution, with its main application scenarios focusing on the payment sector. It is worth noting that Tempo plans to be compatible with Ethereum's development language, a move that is expected to attract a large number of existing Blockchain developers.

Currently, the project is still in the early stages of development, with a core team of only 5 people. Due to the project's confidentiality, specific details have not been disclosed to the public. However, this collaboration undoubtedly demonstrates that the integration of traditional finance and the crypto world is accelerating.

As blockchain technology continues to evolve, innovations in the payment sector seem to have become the focus of industry attention. The emergence of Tempo may herald a new round of technological transformation in the payment industry. Although it is still in the early stages of development, the potential of this project has sparked widespread discussion within the industry.

It is worth mentioning that although the project details have not yet been made public, the industry generally believes that the emergence of such high-performance Public Blockchain may have a profound impact on the existing Crypto Assets ecosystem, especially in the areas of payment and financial applications.

As the project progresses further, we will continue to monitor the development dynamics of Tempo and the changes it may bring to the blockchain world.