Visa launches validator node on Tempo blockchain network
Get Alerts V Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +11.4%
Join SI Premium – FREE
Visa Inc. (NYSE: V) announced it has launched a validator node on the Tempo blockchain network, joining Stripe and Zodia Custody by Standard Chartered as external validators on the platform.
The payment company configured and managed the validator node internally following six months of collaboration with Tempo's engineering team. As an anchor validator, Visa will participate in transaction validation and help secure the network during its initial phase.
"We've spent years building our expertise in blockchain, and now we're expanding that work by running critical blockchain infrastructure ourselves," said Cuy Sheffield, Head of Crypto at Visa. "By operating a validator on Tempo, we're extending Visa's commitment to reliability, security, and trust into blockchain networks."
Tempo describes itself as a Layer-1 blockchain designed for agentic commerce and machine-to-machine payments. Validator nodes on the network confirm and order transactions into blocks while maintaining consensus on the ledger's state.
Validators on Tempo receive stablecoin rewards when serving as lead validators who package transactions into blocks. The company stated that additional participants will join the validator network, though specific details were not provided.
This marks Visa's second blockchain validation role, as the company previously became a Super Validator on the Canton Network to help banks explore privacy-preserving payment flows.
The validator launch aligns with Visa's blockchain payment innovation strategy and its focus on stablecoin payment systems development, according to the company's statement.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Takeda names Julie Kim as president and CEO after shareholder vote
- Nokia and AWS expand collaboration on autonomous network platform
- Stocks expected to have increasing option volume: FDX MU SNDK WDC CBRS NG DAKT ICLR WOR KBH PAYX QCOM NKE GME PLTR
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share