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Stripe partners with Twitter to pay creators in crypto

Creators who opt in can get their earnings paid to a crypto wallet.

Logos of creator companies working with Stripe

Stripe is letting Twitter creators get paid in crypto, with hopes of expanding.

Screenshot: Stripe

Twitter is going to start letting creators have the option to access their earnings through a crypto payout pilot program with Stripe Connect, Stripe announced in a blog post on Friday.

While the social media giant already uses Connect to pay its creators, Twitter will be the first company to integrate the new crypto payout feature, with expected rollout to other businesses in the next few weeks.

The payouts will take place on the Polygon network, which according to Stripe, was chosen “for its low fees, speed, integration with Ethereum, and broad wallet compatibility,” signifying a major endorsement of the chain.

As creators will be initially paid in the stablecoin USDC, issued by Circle, creators can then either hold their balance on Polygon or convert it to another type of crypto through an Ethereum bridge. Stripe also plans to “add support for additional rails and payout currencies over time,” as well as add crypto payout support in over 120 countries by the end of the year.

After suspending its support for bitcoin payments in 2018, Stripe is just one of many payment companies to continue its foray into the crypto space. Other companies like Visa, Mastercard, Block and PayPal have also delved into the digital asset industry as the spotlight on crypto continues to grow.

Lindsey Choo
Lindsey Choo is a former Protocol reporter covering fintech. She is a graduate of UC San Diego, where she double majored in communications and political science. She has previously covered healthcare issues for the Center for Healthy Aging and was a senior staff writer for The UCSD Guardian. She can be reached at lchoo@protocol.com.
stripetwittercryptocryptocurrencycreator economycrypto payments
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