Online payment processor, Stripe, enables cryptocurrency payouts beginning with Twitter

314

innotechtoday

28th April 2022 – This past week, Stripe, a popular online payment processor, began piloting a new cryptocurrency payout system with Twitter. As a result, select Twitter creators can now receive payments in USDC, a stablecoin tied to the US dollar.

The new platform, Stripe Connect, will funnel payments over the Polygon network, a blockchain tied to Ethereum. At least initially, Stripe says that they will only be supporting payments in USDC but “plan to add support for additional rails and payout currencies over time.” After payments are received, creators can store their earnings on Polygon or exchange them for other cryptocurrencies on the Ethereum network.

Comments