$ 113,580.1
$ 4,285.22
$ 0.8710
$ 857.13
$ 185.68
Apr 23, 2022
by Usha Yadav
Stripe is Partnering with Polygon for its Next Crypto Push
Stripe, a payments processor, is partnering with Ethereum scaling platform Polygon to let Stripe customers pay retailers, freelancers, content creators, and service providers in crypto. Initial payouts will be done using Polygon's native USDC stablecoins and Polygon-compatible wallets, according to a statement released on Friday.
Twitter Will be the First Company to Try out the Feature
Twitter (TWTR) will be the first company to test the feature, allowing users of the company's monetization products such as "Ticketed Spaces" and "Super Follows" to get revenue in bitcoin. Stripe has stated that it will gradually expand support for new rails and payout currencies. Stripe is being used by cryptocurrency exchange FTX to provide onboarding and identity verification functionalities.
Last month, Stripe partnered with FTX and Blockchain.com to support exchanges, on-ramps, wallets, and non-fungible token (NFT) marketplaces.
In 2014, Stripe became the first large payments company to allow bitcoin payments, although it stopped doing so in 2018.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.