Add all the ingredients to a high-powered blender and blend on high until smooth.
Add blender contents to a small saucepan and heat on low until warm. Whisk constantly to avoid clumping and stir until slightly thickened, about 3 - 5 minutes. Transfer to a serving bowl and sprinkle with green onions, cilantro and a dusting of paprika.
Serve warm with tortilla chips and enjoy!