Stripe hype12/21/2023 ![]() Twitter’s focus on creators up to now has largely been focused on how to give creators ways of monetizing services that Twitter’s already offering widely to all users, so adding in crypto is an interesting twist that could point to how that strategy is shifting. “We plan to add support for additional rails and payout currencies over time.” “Once creators receive their earnings, they can hold their balance on Polygon, or choose to bridge to Ethereum and exchange it into another currency,” Stripe noted. ![]() Payouts will take place over the Polygon network, it said, partly chosen because of low fees, Ethereum integration and “broad wallet compatibility” covering MetaMask, Coinbase Wallet and Rainbow. “This will enable many people who wouldn’t otherwise be able to hold dollars to do so,” notes Stripe. Support to use fiat currencies to buy more than varieties of 135 crypto tokens (not a fragmented market at all!), cash-out facilities, NFT trading and compliance features like Know Your Customer (KYC) were among the functions that were rolled out across some 180 countries.įor the Twitter rollout, it will be first to support payouts in USDC, a stablecoin pegged to the U.S. Twitter’s monetizing service is not, but this gives it the potential to expand at some point.Īdded to this, Stripe last month released a series of APIs and other tools for developers to start integrating Stripe’s crypto features. Connect is available in local currencies already in 70 countries. The payments giant is adding crypto payouts to Connect, its programmatic (API-based) payouts platform and Twitter will be the first platform to let people get payouts in crypto using it.įor some background… Twitter already uses Connect to power various monetization services aimed at creators that it’s already offering or testing out in limited release, which include things like Tips, Super Follows and ticketed Spaces events. ![]() Today, some six months later, it’s rolling out a new service - initially with one partner, Twitter - to get some activity going on its network. Back in October 2021, Stripe announced that it would be re-entering the cryptocurrency market - ending a four-year hiatus with hype around crypto definitely not abating.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |