Today Stripe announced that certain Twitter creators can now receive payments to a cryptocurrency wallet in the form of the USDC stablecoin on the Polygon network. This is one of the most high profile steps for mainstream stablecoin payments.
USDC issuer Circle originally targeted its stablecoin to be used for mainstream payments, but in the last 18 months, it has gained a reputation as the DeFi stablecoin.
Twitter enables creators to earn money through Ticketed Spaces and Super Follows. These users can now opt to receive their money in cryptocurrency, with Stripe handling the “crypto-related complexity”. Polygon, an Ethereum sidechain was chosen because of its low fees and compatibility with popular wallets such as MetaMask, Coinbase and Rainbow.
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