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Stripe Launches L1 Blockchain: Tempo

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Re: Stripe Launches L1 Blockchain: Tempo

#891

Post by chabes »

jrm4 wrote: post #248
Goofy_Coyote wrote: post #162

Earlier quoted context omitted.

Can you elaborate on what is real crypto, vs what’s happening now with BTC or other decentralized stable coins, please? I’m curious to know more. Thanks

The fees and slowness of BTC have essentially rendered it unusable as a "real cryptocurrency" and is more-or-less just being taken over by the banks. The others aren't doing well right now despite the fact that the tech that runs them can do what crypto promised, often better. It will all come down to whether people will buy in?

Wow, flashback to 2017. This was a narrative back then, and it led to the creation of (and eventual demise of) the bcash fork.

Re: Stripe Launches L1 Blockchain: Tempo

#892

Post by jrm4 »

martinohansen wrote: post #827
jrm4 wrote: post #248

Earlier quoted context omitted.

The fees and slowness of BTC have essentially rendered it unusable as a "real cryptocurrency" and is more-or-less just being taken over by the banks. The others aren't doing well right now despite the fact that the tech that runs them can do what crypto promised, often better. It will all come down to whether people will buy in?

Isn’t the lightning network solving the slowness and high fees problem?

Supposedly, but it doesn't seem to be happening -- the problem with those 2nd layers is that they end up simply inserting a point of failure that happens to be the entire point of cryptocurrency.

Re: Stripe Launches L1 Blockchain: Tempo

#893

Post by jrm4 »

stale2002 wrote: post #499
jrm4 wrote: post #258

Earlier quoted context omitted.

All pointless. None of those things require a blockchain and are all made less efficient by doing them that way. Again, truly decentralized cryptocurrency ADDS slow clunky overhead; that's the price of decentralization. Everything you're imagining is ALL done much easier with good ol' databases et al.

> ADDS slow clunky overhead; that's the price of decentralization. Actually, you can just use a federated blockchain. > Everything you're imagining is ALL done much easier with good ol' databases There is an ecosystem of 10s of thousands of developers that can run specifically ethereum contracts on a database, while being compatible with all existing stable coin onramps? You have to show me the 10s of thousands of de…

Yeah, as grumpy op, I should slow down and give your ideas more credit.

Very optimistically -- what you're saying is correct. There is a best case scenario in which Stripe et al observe all of these already working and perhaps popular financial use-case things (perhaps to compete with bigger banks or just because they see/believe it as the future) and encourage adoption.

I'd bet this won't much happen, but I really do hope I'm wrong.

Re: Stripe Launches L1 Blockchain: Tempo

#894

Post by latchkey »

vintermann wrote: post #732
latchkey wrote: post #521

Earlier quoted context omitted.

Small money is fine. Any big transaction will get flagged and potentially delayed. I don't know about you, but I'd rather use a system that allows me to do what I want with my funds without anyone else controlling it.

Do you want to live in a world where everyone else can do whatever they want with their funds without anyone else controlling it, though? Seems pretty optimistic for anyone to think they'd do well in that world.

I want to live in a world where responsible, law abiding citizens can use their money however they choose.

In the US, we already have credit scores, a system meant to reflect some sort of trustworthiness. Right now, it mostly determines your interest rates and access to capital. But why not extend that trust to granting people more freedom in how they use their funds?

If I want a large loan from my bank, I’m forced to provide endless paperwork and deal with people, despite having a great credit score. In DeFi, I just post collateral and instantly borrow against it. No gatekeepers, no conversations.

These limitations become even more obvious if you’re a nomad or frequent traveler. Suddenly you’re not just facing your local government, you’re up against borders and layers of extra regulation.

Re: Stripe Launches L1 Blockchain: Tempo

#895

Post by Mrcontent08 »

“What fascinates me about this Stripe + stablecoin integration is less about the underlying blockchain, and more about the actual behavior change it can trigger in businesses.

For example, in markets like Latin America, stablecoins aren’t just ‘faster payments’—they’re an escape hatch from broken financial infrastructure. That makes them feel less like a new technology experiment and more like electricity or the internet: invisible, but transformative.

The interesting question to me is: what happens once small/medium businesses start building on top of this instead of just using it for payments? Could we see the same pattern as the early web—where it started as “publishing pages” but turned into entire industries?

Re: Stripe Launches L1 Blockchain: Tempo

#896

Post by MrContent04 »

“What fascinates me about this Stripe + stablecoin integration is less about the underlying blockchain, and more about the actual behavior change it can trigger in businesses.

For example, in markets like Latin America, stablecoins aren’t just ‘faster payments’—they’re an escape hatch from broken financial infrastructure. That makes them feel less like a new technology experiment and more like electricity or the internet: invisible, but transformative.

The interesting question to me is: what happens once small/medium businesses start building on top of this instead of just using it for payments? Could we see the same pattern as the early web—where it started as “publishing pages” but turned into entire industries?”

Re: Stripe Launches L1 Blockchain: Tempo

#897

Post by nicpottier »

jeremyjh wrote: post #669
brunohaid wrote: post #137

Earlier quoted context omitted.

You still have a lot of credibility to not be put into the number-go-up bracket and the social capital to overcome the political and power structures you had to face for two decades and know more about than most people by having built your company. But as long as I don't see somewhat more transparent conversations with the people in your orbit like patio11, Matt Levine, Kyla etc, where you address how you'll actually…

The fact that Stripe is doing it in 2025 should already be a strong signal. If they were just like the clueless trendmongers who ran crypto initiatives at large institutions in 2019, they'd have done it then instead of now, after the GENIUS act has been passed.

Stripe supported Bitcoin for a while as a payment method.. so..

I actually view that as a plus though, they have experience and have seen what works and what doesn't.

Re: Stripe Launches L1 Blockchain: Tempo

#898

Post by ftmz »

pc wrote: post #46

There are lots of crypto skeptics on HN (and we ourselves were disappointed with crypto's payments utility for much of the past decade), so it might be interesting to share what changed our mind over the past couple of years: we started to notice a lot of real-world businesses finding utility in stablecoins. For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing…

Fernando from DolarApp here.

To add some context: our clients in LatAm use DolarApp to spend internationally with a card at the best rates, send and receive cross-border transfers (not just remittances, but also payroll), and to keep their savings pegged to the dollar. Stablecoins let us deliver a much better user experience and significantly lower fees — in some countries, up to 10x better than incumbents.

That said, most of our users don’t care about the underlying infrastructure. They care about the benefits. It’s similar to how someone using a bank card at an ATM doesn’t know (or care) that the system might be running on COBOL.

We see it as our job as product people to absorb that complexity so our users get the benefits without having to deal with the complex mechanics behind them. That’s what we believe is helping unlock a platform shift.

Re: Stripe Launches L1 Blockchain: Tempo

#899

Post by [deleted] »

Anon84 wrote: post #794
gamblor956 wrote: post #491

Earlier quoted context omitted.

Stablecoins will end subject to just as much regulation as a normal bank, maybe even more. JPMorgan Chase, BofA, and their ilk have R&D budgets large enough to have already launched a dozen stablecoins by now. They haven't, not because they can't (on a technical level) but because they don't actually see the value to it (on a business level). They're simply paying lip service to crypto because it pumps up share value…

Banks are already using stable coins internally (case in point https://en.wikipedia.org/wiki/JPM_Coin ) it just hasn’t been made available externally yet.

[deleted]

Re: Stripe Launches L1 Blockchain: Tempo

#900

Post by gamblor956 »

immibis wrote: post #791
gamblor956 wrote: post #491

Earlier quoted context omitted.

Stablecoins will end subject to just as much regulation as a normal bank, maybe even more. JPMorgan Chase, BofA, and their ilk have R&D budgets large enough to have already launched a dozen stablecoins by now. They haven't, not because they can't (on a technical level) but because they don't actually see the value to it (on a business level). They're simply paying lip service to crypto because it pumps up share value…

Is Uber subject to taxi regulations yet?

Outside of the U.S., Uber is subject to taxi regulations in most of the places it operates.

In the U.S., it is subject to a new set of regulations governing "rideshares" that are similar to the regulations governing taxis. The primary differences are that medallions aren't required for rideshare vehicles, nor are rideshare drivers required to know anything about the location in which they're driving.

Objectively speaking, the taxi drivers and companies that are still alive today provide better service than their rideshare counterparts. I can tell a taxi driver "the Z building" at the airport and they'll know what it is, where it is, and how to get there. Most rideshare drivers need to look it up, and they'll be damned if they actually follow the google directions to get there without getting lost on the way.

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