Financial payments platform Stripe launches a beta program to provide cryptocurrency payments on Twitter
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Answer Financial payments platform Stripe launches a beta program to provide cryptocurrency payments on Twitter
The recent Stripe announcement may make it easier for content creators around the world to get money transfers in cryptocurrency.
It’s a small step for the company, but it will have a huge impact on users.
announce Payment giant Stripe has announced that it will launch a new cryptocurrency beta program on Twitter, and this move is part of its strategy to expand Stripe’s Connect service, which allows companies to connect to the company’s payment APIs, including KYC.
The service offers different payment methods and currencies, and is available in more than 70 countries.
The announcement shows Stripe’s intent to include cryptocurrencies in this service, noting the difficulties in continuing to expand the company’s geographic coverage.
Read:Study: India has 115 million investors in the crypto sector
According to Stripe, announcing the launch of a beta program for crypto payments on Twitter, which will provide a select group of Twitter creators with the option to get paid in cryptocurrency.
Payment in crypto via “Stripe”:
Payments will be made on the Polygon blockchain and will only support Circle’s USDC stablecoin initially.
Adding networks other than Polygon is also on the agenda, according to Stripe.
Twitter users who are in the beta will be allowed to sign up to receive their payments in the USDC digital stablecoin.
They can then link it to the Ethereum blockchain or simply pool it on Polygon.
It is expected to integrate Twitter’s various monetization services such as “Super Follows” and “Ticketed Spaces”.
The “Super Follows” feature allows users to create unique, unpaid subscription-protected content for followers.
While ticket spaces are what they look like, they allow users to pay and get a ticket to enter the event.
The Stripe demo also comes about a month after the company started serving crypto companies.
So far on the Stripe list are crypto exchange FTX, NFT Nifty Gateway, Blockchain.com, and others.
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