Online business financial infrastructure provider Stripe has added support for USDC stablecoin payments on the Polygon blockchain. The first user of the solution will be Twitter. Meet crypto
Online business financial infrastructure provider Stripe has added support for USDC stablecoin payments on the Polygon blockchain. The first user of the solution will be Twitter.
The company has implemented a new feature in Stripe Connect, a system for integrating payments into online marketplaces.
The firm noted that Twitter is using a tool to pay creators their revenue from monetization products like Ticketed Spaces and Super Follows. Now a select group of authors can choose to pay in a stablecoin.
āTwitter is where people go to talk about what’s going on. We’re focused on helping the creators driving these conversations make money and connect with audiences in new ways. “We’re excited to offer crypto payments through Stripe so they have more options,” Twitter Product Manager Esther Crawford said in a statement.
The choice of the Polygon network on Stripe was explained by low commissions, high transaction speed, integration with Ethereum and compatibility with a large number of wallets.
The provider plans to add support for other cryptocurrencies in the future. By the end of 2022, Stripe plans to expand its digital asset payments to more than 120 countries.
Recall that in March, the company supported crypto companies, including exchanges, wallet providers, and NFT markets.
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