Twitter to Test USDC Payments from StripeLivia Green
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.
— Stripe (@stripe) April 22, 2022
The company implemented a new feature in Stripe Connect, a system for integrating payments into online marketplaces.
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The firm noted that Twitter uses a 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’re focused on helping the creators who drive these conversations earn money and connect with audiences in new ways. We’re excited to offer crypto payments through Stripe so they have more choice,” Twitter Chief Product Officer Esther Crawford said in a statement.
The choice of the Polygon network in Stripe was explained by low commissions, high transaction speed, integration with Ethereum and compatibility with a large number of wallets.
The provider intends to add support for other cryptocurrencies in the future. By the end of 2022, Stripe plans to expand digital asset payments to more than 120 countries.
Recall that in March the company announced the support of crypto companies including exchanges, wallet providers and NFT marketplaces.