Twitter Inc (TWTR.N) and Stripe Inc, a digital payments processor, announced on Friday that they will test cryptocurrency rewards for a limited number of users of the social media site’s content monetization programs.
Users who are eligible for Twitter’s Ticketed Spaces and Super Follows programs will be able to collect their profits in USD coin, a stablecoin with a value tied to the US dollar.
Last year, Twitter expanded monetization tools in an effort to better engage with the “creator” economy and increase money.
Users who receive cryptocurrency payments can save their funds in crypto wallets on the Polygon network, an ethereum-based crypto infrastructure provider, and subsequently convert them for other currencies.
Stripe Connect will handle the crypto payments as well as know-your-customer obligations, according to Stripe.
Users who receive cryptocurrency payments can save their funds in crypto wallets on the Polygon network, an ethereum-based crypto infrastructure provider, and subsequently convert them for other currencies.
Stripe Connect will handle the crypto payments as well as know-your-customer obligations, according to Stripe.
Stripe aims to introduce payment alternatives for more cryptocurrencies in the future, according to the business.
Tesla CEO Elon Musk, a major personality in the cryptocurrency sector who has used Twitter to promote bitcoin and “meme coins” like dogecoin, is attempting to take over Twitter.
Stripe, Inc. is an Irish-American financial services and software-as-a-service firm with offices in both San Francisco and Dublin, Ireland. Payment processing software and application programming interfaces for e-commerce websites and mobile applications are the company’s main offerings.
