Stripe trials crypto payouts on Twitter

Twitter creators can now have their earnings paid into a cryptocurrency wallet through Stripe.

The payments giant said it is trialling a new crypto payout service on the social media platform, which already uses its Connect to pay feature to pay creators their earnings from Twitter’s monetisation products, including Ticketed Spaces and Super Follows.

The company says it will initially support payouts in USDC, a stablecoin pegged to the US dollar.

Twitter will be the first platform to pilot the new crypto payments service.

“Twitter is where people go to have conversations about what’s happening,” said Esther Crawford, product lead for creators, Twitter. “We’re focused on helping creators who drive those conversations earn money and connect with their audiences in new ways.

“We’re excited to begin offering crypto payouts to creators via Stripe so they have more choice in how they get paid.”

In a blog post, Karan Sharma – product manager at Stripe Crypto – said that payouts will take place over the Polygon network.

“Once creators receive their earnings, they can hold their balance on Polygon, or choose to bridge to Ethereum and exchange it into another currency,” explained Sharma.

He added that Stripe plans to add support for additional rails and payout currencies over time.

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