Stripe Collaborates With Twitter To Introduce USDC Payout Program For Creators
TECHDIGEST – Stripe, a popular American financial services and software service company, has announced the rollout of crypto payouts for its product, Stripe Connect, and Twitter being its first partner.
Stripe is known for creating and implementing payment processing software’s and application programming interfaces for e-commerce websites and mobile applications.
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According to the announcement, a select group of creators on Twitter will be able to receive their earnings on the platform in the form of the USD Coin (USDC) stablecoin, the second most capitalized stablecoin with a market capitalization of over $50 billion.
The announcement also mentions that payments will occur via the Polygon (MATIC) network, a layer-2 solution for the Ethereum blockchain, known for its low fees, fast transaction speed, innovative zero-knowledge technology and integration with Ethereum (ETH).
Twitter has been on the news lately, subject to what many are calling a “hostile takeover” by billionaire entrepreneur and Tesla CEO, Elon Musk. According to Musk, his top pledges, should he succeed in acquiring the social media giant, will introduce a Dogecoin (DOGE) payment option for its Twitter Blue monthly subscription service.
