Decentralised oracle provider RedStone will support Tempo, a global payments blockchain jointly developed by Stripe and Paradigm, The Block reported on March 18.
With the launch of the Tempo mainnet, RedStone will provide continuous foreign exchange (FX) data to the new blockchain. This will help applications price and settle transactions in local currencies.
RedStone will provide real-time data feeds for Tempo’s native payments token, pathUSD, and its native FX DEX.
Nishay Upadhyayula (니샤이 우파드하이울라), Tempo’s head of go-to-market, highlighted RedStone’s role, saying, "Reliable currency pricing is central to global payments use cases built on the network."
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Chi-gyu Hwang
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