Twitter will allow the creators to use its services, such as Ticketed Spaces and Super Follows, to receive their earnings in Stablecoins.
Moreover, Stripe claims that the businesses and creators using Stripe Connect for payments will benefit greatly. They can pay in $USDC without holding or buying the Stablecoin itself!
A Stripe official mentioned that the platform would create different payment channels in the future to support a variety of currencies.
Stripe: Brings a unique payment solution for creators
The creators, sellers, freelancers, and entrepreneurs build and create their content worldwide. It is easier to find customers due to the rapid digitalization and rapid growth of social media. However, there are some complications with the payment methods.
Stripe Connect brings an all-new solution to make things easier for the creators. Businesses across the globe can use Connect to make transactions to more than 70 countries using their local currencies.
Twitter is already using Connect to pay creators their profits with Twitter monetization products, including Tickets and Big Followers. With Connect crypto payments, Twitter will allow creators to have their money paid into a cryptocurrency wallet.
Stripe will handle all the complexity and functionality of the crypto. No code changes are required, and forums can avoid taking on the challenges of acquiring, storing, or transferring crypto itself.
“Twitter is where people go to discuss what’s going on globally. We focus on helping creators who drive those conversations to earn money and connect with their audiences in new ways. We’re excited to start offering creators crypto payments with Stripe so they can have more options on how they get paid,” mentions Esther Crawford, product lead for creators at Twitter.
In the initial phase, Stripe will support payments in $USDC. The transactions will occur in a polygon network due to its low processing fees, higher speed, and integration with Ethereum.
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