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Twitter and Stripe launch USDC payments program via Polygon

 


On Friday, the social network Twitter, together with the payment service Stripe, announced the launch of the crypto payment function Stripe Connect . As the two companies explain, certain influencers on Twitter will soon be able to accept payments in the form of the USD Coin ( USDC ) stablecoin. Payments are processed via the Polygon ( MATIC ) blockchain network, which is a Layer 2 solution with low transaction fees, high transaction speeds, innovative zero-knowledge technology and the integration of Ethereum ( ETH ).


In order to use the centralized payment platform, however, the influencers at Stripe must first disclose their information (KYC). Account settings, income and payouts in crypto wallets can then be managed via the service.


By the end of the year, Twitter and Stripe plan to expand the payment function to 120 countries. Esther Crawford, Twitter product lead for influencer affairs, comments:


"We're excited to finally be able to offer crypto payments via Stripe, because it gives influencers even more ways to receive money."

At press time, Twitter is threatened with a "hostile takeover" by Tesla CEO Elon Musk. As the successful entrepreneur states, in the event of a successful takeover, he plans, among other things, to stop tweets from fraudulent crypto projects and to introduce Dogecoin ( DOGE ) as a means of payment for the Twitter Blue subscription service .

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