Stripe test lets Twitter makers get compensated in digital currency
Stripe is on its way to create a tester interface for its users on their receiver which could be through cryptocurrency, they have been initiating it with a focused group on twitter. According to the company, it has been suggested that those users who earn money through monetization on the platform would now be able to earn in USD Coins (USDC) which is a stable coin which has been tied up to the US dollar.
The company has been working on the pay-out option with their own payment processor, which is Stripe Connect. Which would help customers in integrating their online platform or even the market place as well. The crypto pay-outs would be occurring over polygon network, which is a block-chain that is tied up to Ethereum and also allows faster and even more efficient transactions to be made. Whenever a fund is received by a customer, they have the option to choose either to store it in their earnings on polygon or either they could exchange it for another currency as well.
In the coming years the company has couple of plans which are basically supporting crypto pay-outs over 120 countries by the end of the year. But certain things are unclear that when they could be making it available outside the platform of twitter. Stripe also introduced a fiat payment recently which has an application programming interface (API), which provides cryptocurrency businesses access to the tools which would make it easier for them to process the payment.
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