MoneyGram deepens blockchain payments push via Tempo partnership
The remittance company partnered with Stripe-incubated blockchain Tempo to support stablecoin settlement and help validate transactions across its global payments network.
MoneyGram partnered with payments-focused blockchain Tempo to support stablecoin settlement and help validate remittance transactions on the network, as remittance companies increasingly adopt blockchain technology for cross-border transfers.
The companies said Stripe plans to settle transactions to MoneyGram using Tempo’s infrastructure as part of efforts to move treasury and payment flows onto stablecoin rails.
Tempo is a Layer 1 blockchain incubated by Stripe and Paradigm that focuses on stablecoin transfers and cross-border payments. In April, Visa became an early validator on Tempo, alongside companies including Stripe and Zodia Custody.