Support for payments in the USDC stablecoin on the Polygon blockchain has been added by the financial infrastructure provider for online business Stripe. The first user of the solution will be Twitter.
Introducing crypto payouts: https://t.co/xJnpLmsBKn. pic.twitter.com/PJQ2oTaU7J
— Stripe (@stripe) April 22, 2022
The company implemented this functionality in the system for integrating payments into Stripe Connect online marketplaces.
Twitter is implementing this tool to pay content creators revenue from monetized products such as Ticketed Spaces and Super Follows. Now a select group of authors will be able to choose to pay in a stablecoin.
“Twitter is the place where people go to talk about what’s going on. We are excited to offer crypto payments through Stripe so they have more choice,” Twitter Chief Product Officer Esther Crawford wrote.
Stripe also commented on the choice of the Polygon network. The main reasons are low fees, high transaction speed, integration with Ethereum and compatibility with most wallets.
Now they are working on the introduction of other cryptocurrencies. By the end of 2022, Stripe plans to expand digital asset payments to more than 120 countries.