Stripe to Let Clients Make Payments in USDC Stablecoin via Polygon – Starting With Twitter
Twitter will be the first company to test this option by paying earnings via crypto to content creators who use its monetization products.
Apr 22, 2022 at 1:00 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/YO52QMAYHVBONP5XVJY4JU3RE4.jpeg)
Stripe will be using Polygon to allow payments in crypto. (George Pagan III/Unsplash)
Payments processor Stripe will use Ethereum scaling platform Polygon in a move that will enable Stripe’s customers to pay sellers, freelancers, content creators and service providers in crypto.
- Initial payouts will be made using USDC stablecoins native to Polygon’s network and through Polygon-compatible wallets, according to a statement Friday.
- Twitter (TWTR) will be the first company to try out the feature by allowing earnings to be paid out to content creators in crypto for users of the company’s monetization products such as “Ticketed Spaces” and “Super Follows.”
- Stripe said it will add support for additional rails and payout currencies over time.
- Crypto exchange FTX is using Stripe to build onboarding and identity verification features.
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Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.
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