One of the global-leading traditional money transferring companies – Tempo, is working on a world-scale cryptocurrency payment network. To do so, Stellar Lumens open-source decentralized protocol that runs the token XLM is used to support the system. By doing so, Tempo is not just trying to make exchanges easy, but also faster. Obviously, this is a direct runner up against the popular crypto-startup Ripple and its cross-border payment solutions.
Based in Paris and reaching across the whole globe, Tempo with the use of Stellar Decentralized Exchange (DEX) to achieve the needed liquidity – wants to be the lead in crypto-payment networks. The project runs on the idea to make crypto-to-fiat exchanging simpler. Stellar DEX, a fully decentralized cryptocurrency exchange, functions on top of the Stellar Network as its base of operation.