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Stripe Rolls Out Crypto Payouts With Twitter

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3 years ago

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Stripe Rolls Out Crypto Payouts With Twitter

Stripe, today reveals that it has rolled out a new feature for businesses to pay users in digital currencies via its Connect service. Stripe partners with Twitter to test its crypto payouts feature using the stablecoin USDC.

According to the official blog post by Stripe, “Today, we’re introducing crypto payouts for Connect. With crypto payouts, a select group of creators on Twitter—our first partner—will be able to use cryptocurrency-based rails to receive their earnings from Twitter.”

“Twitter is where people go to have conversations about what’s happening. We’re focused on helping creators who drive those conversations earn money and connect with their audiences in new ways. We’re excited to begin offering crypto payouts to creators via Stripe so they have more choice in how they get paid,” said Esther Crawford, Product Lead for Creators at Twitter.

Stripe will initially support the payouts in USDC which will take place over the Polygon Network. Stripe chooses the Polygon network for its low fees, speed, integration with Ethereum, and broad wallet compatibility (including MetaMask, Coinbase Wallet, and Rainbow).

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.