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.

    Share Story:

Recent Stories

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.