Cryptocurrency payment protocol Tempo completes $50 million Series A funding at $5 billion valuation, with participation from Sequoia Capital and others.

Techub News, according to Fortune citing informed sources, reported that Tempo, a payment-focused blockchain project developed by fintech giant Stripe and blockchain venture capital firm Paradigm, has completed a $500 million Series A funding round at a $5 billion valuation, led by Greenoaks and Joshua Kushner's Thrive Capital. According to two informed sources, Sequoia Capital, Ribbit Capital, and Ron Conway's SV Angel also participated in this funding round. Paradigm and Stripe did not participate in this funding round.