Stripe launches USDC payout program for creators on Polygon
Stripe announced today that it is launching crypto payouts for Stripe Connect, eligible creators can receive payments over crypto rails.
Creators, freelancers, sellers, and solopreneurs are building new products and solutions, but getting paid can still be difficult. That might soon be changing.
Stripe announced today that it is launching crypto payouts for Stripe Connect starting with a select group of creators on Twitter who would be eligible to receive their earnings from Twitter on crypto rails.
With crypto payouts for Connect, Twitter will make it possible for creators who opt in to have their earnings paid out to a cryptocurrency wallet. Stripe will handle all crypto-related complexity and operations.
Stripe will initially support payouts in USDC, a stablecoin pegged to the US dollar. Payments will be done over the Polygon network, which is suitable for its low fees, speed, integration with Ethereum, and broad wallet compatibility.
Stripe has plans to add support for additional rails and payout currencies over time.