Twitter and Stripe on Friday announced the distribution of cryptocurrencies for Stripe Connect. According to the two companies, the “selected group of creators” on Twitter will soon be able to earn their income on the platform in the form of the stablecoin USD Coin (USDC). Payments will be made via the Polygon (MATIC) blockchain. According to a blog post, Stripe is considering expanding its international payments program to include digital assets.

Given that Stripe Connect is a centralized crypto platform, creators and freelancers must first pass the KYC (Know Your Customer) test. They will then be able to manage account data, track real-time earnings and future payments in cryptocurrencies. By the end of the year, Twitter and Stripe plan to expand the program to more than 120 countries. Regarding development, Esther Crawford, creative product manager at Twitter, commented:

“Twitter is a place people go to discuss what’s going on. We want to help thought leaders get cryptocurrency and take communication with audiences to a new level.”

Stripe representatives prove their choice for the Polygon blockchain, citing the following arguments:

• fast transactions
• low commissions
• Integration with Ethereum
• compatibility with many wallets

It will be remembered that in September 2021, the social network Twitter launched a reward function in bitcoin for the authors of the platform through the Lightning Network. At launch, the feature only supported the Strike wallet. Social network representatives reported that other custody and non-custodial wallets will be available later – Blue Wallet, Muun, Breez and Zap. Source