Twitter will introduce cryptocurrency payments through Stripe

Stripe's pilot project introduces cryptocurrency payments through the Ethereum Polygon tier-two scaling network.

Twitter was the first to test the new feature. Therefore, content creators will soon be able to receive payouts from content monetization (through Twitter Ticketed Spaces and Super Follows) in cryptocurrency. While we are talking about USDC stablecoin.

It will be possible to order a payment in a stablecoin to any Web3 wallet. At the moment, the choice of wallets is quite large. These are Metamask, and Rainbow, and several other wallets for storing digital assets.

Payments to Polygon will be routed through the Stripe Connect network. Users will need to pass KYC. The company's management hopes that the new feature will be in demand. In particular, due to low fees and fast payments in the Polygon network.

Recall that this is not the first entry of Stripe into the crypto space. The company previously worked with crypto payments, but stopped supporting them in 2018 amid high market volatility.

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CoinShark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources. Cryptocurrency is a high-risk asset, investments in it can lead to losses. Readers should do their own research before taking any action.

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