San Francisco-based fintech giant Stripe declared its advance into cryptocurrency by partnering with Twitter.
Stripe Announces Crypto Payouts in USDC on Twitter via the Polygon Network.jpg
According to a new pilot program, Stripe will let a small group of creators send and receive payments in USDC via its payment platform, Connect creators can thus directly manage their details through the Stripe Express app.
The company declared in a blog spot that Twitter will be the first company to integrate the new payment method into monetization products. The social media platform will allow creators to get their earnings on Ticketed Spaces and Super Follows immediately settled in cryptocurrency wallets.
“All crypto complexity and operations” will be handled by Stripe, so Twitter won’t be in charge of storing and acquiring cryptocurrencies.
The fintech firm picks the Polygon network to process all the on-chain transactions for its strengths in “low gas fees” high speed, broad wallet compatibility, and integration with Ethereum” Creators who receive funds through the program can thus bridge their assets to Ethereum and exchange them quickly for other cryptocurrencies.
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