Stripe Taps Polygon allows customers to make payments in USDC

Payments processor Stripe will use Ethereum scaling platform Polygon in a move that will enable Stripe’s customers to pay sellers, freelancers, content creators and service providers in crypto.

Initial payouts will be made using USDC stablecoins native to Polygon’s network and through Polygon-compatible wallets, according to a statement Friday.

Twitter (TWTR) will be the first company to try out the feature by allowing earnings to be paid out to content creators in crypto for users of the company’s monetization products such as “Ticketed Spaces” and “Super Follows.”

Stripe stated that it will support additional rails and pay currencies in the future.

Stripe is used by crypto exchange FTX to create onboarding and identity verification functions.

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store