Twitter and Stripe roll out USDC payout program for creators via Polygon

On Friday, Twitter and Stripe introduced the rollout of crypto payouts for Stripe Join. As informed by the 2 corporations, a choose group of creators on Twitter will quickly be capable to obtain their earnings on the platform within the type of the USD Coin (USDC) stablecoin. Funds will happen through the Polygon (MATIC) community, a layer-2 blockchain identified for its low charges, quick transaction pace, modern zero-knowledge know-how and integration with Ethereum (ETH).

As a centralized platform, content material creators and freelancers would first must tempo Know Your Buyer onboarding checks performed by Stripe. Afterward, they will handle their account particulars, observe real-time earnings and upcoming payouts into their crypto wallets.

By the top of the 12 months, Twitter and Stripe plan to develop this system to over 120 nations. Relating to the event, Esther Crawford, Twitter’s product lead for creators, commented: 

“We’re excited to start providing crypto payouts to creators through Stripe, in order that they have extra alternative in how they receives a commission.”

On the time of publication, Twitter is being focused in a “hostile takeover” by billionaire entrepreneur and Tesla CEO Elon Musk. As informed by Musk, his high pledges, ought to his bid for the corporate succeed, are to chop down on the cryptocurrency rip-off tweets spreading throughout the platform and maybe introduce a Dogecoin (DOGE) fee possibility for its Twitter Blue month-to-month subscription service.