DoorDash to offer stablecoin payments to users via Tempo blockchain

Tempo announced the integration of ”stablecoin-powered payment infrastructure” with DoorDash, Stripe, Paradigm, Coastal Bank and ARQ.

DoorDash plans to offer its users, “dashers” and merchants the option to use stablecoins in their transactions with the food delivery app, according to the Tempo blockchain.

In a Tuesday notice, Tempo said that together with DoorDash, it was “building stablecoin-powered payment infrastructure” in a move for its delivery drivers, also known as “dashers,” merchants, and users to settle transactions using digital currency. The blockchain cited payout speed, lower cross-border cost and transaction flexibility in its reasons for the integration, expected to apply to users in more than 40 countries. 

“If we can get merchants and Dashers their money faster, and do that in a way that's affordable for them, that's a no-brainer for the entire ecosystem,” said DoorDash co-founder Andy Wang.

Read more