Twitter to Pay Creators in USDC via Stripe and Polygon: A Game Changer
NEW: Twitter is revolutionizing creator payouts! Twitter will now allow content creators to be paid in USDC via Stripe and Polygon, offering a faster, more efficient way to receive earnings.
Starting Friday, Twitter will let a certain number of creators receive their earnings from the platform in USD Coin (USDC), leveraging the power of blockchain technology. This marks a significant step towards empowering creators and providing them with greater control over their finances.
Why USDC and Polygon?
Creators on Twitter will be able to receive payments initially in the stablecoin USD Coin (USDC). Twitter has chosen Stripe to facilitate these crypto payouts, utilizing the Polygon network for its low fees, speed, and seamless integration. The payment processor claimed it chose the Polygon network for its low fees and speed.
Businesses can now use Stripe to send cryptocurrency payouts to sellers, freelancers, creators, and service providers around the world, making international payments easier than ever before.
Twitter and Stripe Partner for Crypto Payouts
Twitter (TWTR) will be the first company to try out the feature by allowing earnings to be paid out to content creators in crypto for users of the company’s monetization features. This integration showcases Twitter's commitment to innovation and providing creators with cutting-edge payment solutions.
What This Means for Twitter Creators
This update offers numerous benefits for Twitter creators, including:
- Faster Payments: Receive earnings quicker than traditional methods.
- Lower Fees: The Polygon network's low transaction fees maximize earnings.
- Global Accessibility: Easier access to earnings for creators worldwide.
- Greater Control: Manage and utilize earnings more efficiently with USDC.
Twitter's decision to embrace crypto payouts via Stripe and Polygon signals a bright future for creators and a further step into the Web3 landscape. Stay tuned for more updates as this feature rolls out!