in cryptocurrency, starting with “a select group of creators on Twitter.” Creators who earn money through monetization features on the platform can now get their earnings in USD Coin — a “stablecoin” cryptocurrency tied to the US dollar., that customers can integrate into their online platform or marketplace. Crypto payouts will occur over the Polygon network, a blockchain tied to Ethereum that allows for faster and more efficient transactions.
After receiving their funds, users can choose to store their earnings in Polygon or exchange it for another currency. While Stripe says it will “initially” support payouts in USDC, it plans on adding “support for additional rails and payout currencies” in the future.Stripe also says it hopes to support crypto payouts in over 120 countries by the end of this year, but it’s unclear when it plans on expanding this feature to customers outside of Twitter.
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