Stripe And Twitter Launches Crypto Payouts In USDC Via Polygon


Click Here to Learn How to Make Extral Income From Home

This Article was last updated 1 hour ago by Ola

Also Checkout This Trending Articles on TmZ Blog Plastic Surgeries and Implants

Stripe And Twitter Launches Crypto Payouts In USDC Via Polygon #Stripe #Twitter #Launches #Crypto #Payouts #USDC #Polygon Welcome to TmZ Blog, here is the new story we have for you today:

On April 22, Payments startup Stripe announced crypto payouts with USDC, over the Polygon network, enabling a select group of creators on Twitter to receive crypto payments via the Stripe Connect platform. As stated in the blog, Twitter already pays creators using Connect from the platform’s monetization products, including Ticketed Spaces and Super Follows.

With the addition of crypto payouts, the social media platform will provide an option for creators to have their earnings paid out to a cryptocurrency wallet. Stripe said it will handle all crypto-related complexity and operations. Creators on Twitter will be able to receive payments initially in the stablecoin USD Coin.

The payment processor claimed it chose the Polygon network for its low fees, speed, integration with Ethereum, and broad wallet compatibility [including MetaMask, Coinbase Wallet, and Rainbow].

“Creators and freelancers who opt to be paid in crypto will pass through Stripe’s normal onboarding flows. It will perform comprehensive KYC, and the flow will dynamically adapt as cryptocurrency regulations evolve. Creators can easily manage their account details, track earnings in real-time, and see upcoming payouts with the Stripe Express app.”

nathan dumlao 4FHF4kCnj8A unsplash 1Stripe and Twitter launches crypto payouts in USDC via Polygon 3
Once creators get their earnings, they can hold their balance on Polygon, or choose to bridge to Ethereum and exchange it for another currency, the blog read.

Recently Polygon unveiled the Green Manifesto, pledging $20 million to mitigate the ecosystem’s carbon footprint as the crypto industry continues to face criticism over energy usage. Stripe too set up a new fund this month to ramp up carbon dioxide removal technologies.

Stripe’s big bet for crypto adoption

The move reflects the firm’s renewed interest in crypto. The fintech giant began recruiting crypto talent last year and raised $600 million in a fundraising round at a $95 billion valuation. The firm processed $640 billion in payments in 2021, a 60% increase from a year earlier.

In March, it teamed up with digital-asset exchanges FTX and with online payments and customer verification.

Having said that, Stripe plans to add support for other cryptocurrencies beyond USD Coin and provide access to crypto payments in more than 120 countries by the end of 2022, signaling its intention to expand the adoption of digital assets.

Celebrities Leaked Plastic Surgeries, Butt And Boobs Jobs.

Source Link


The information contained in this post is for general information purposes only. The information is provided by Stripe And Twitter Launches Crypto Payouts In USDC Via Polygon and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

Don’t Be the Dumbest Partner in Bed, Click Here to Get One of These Sexual Enhancer To Improve Your Sexual Lifestyle Today

Instant Loan Approval No Credit Check