{"id":14686,"date":"2022-04-23T15:33:52","date_gmt":"2022-04-23T15:33:52","guid":{"rendered":"http:\/\/egrowonline.com\/?p=14686"},"modified":"2022-04-23T15:33:52","modified_gmt":"2022-04-23T15:33:52","slug":"twitter-to-pay-creators-in-cryptocurrency-heres-how-it-works","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=14686","title":{"rendered":"Twitter To Pay Creators In Cryptocurrency; Here’s How It Works"},"content":{"rendered":"


\n<\/p>\n

\n
\n

\tTwitter is going to pay its creators in cryptocurrency. The American microblogging and social networking service firm has joined hands with Stripe, a financial infrastructure platform, and marketplaces, to launch a pilot payout for creators.<\/p>\n<\/div>\n

\n

\tIn a statement, Stripe stated that now it can instantly pay funds to its sellers, freelancers, content creators, and service providers using cryptocurrency.<\/p>\n

\tStripe will initially release payouts using USD Coin (USDC), a stable coin pegged to the US dollar.<\/p>\n

\tThrough Stripe, companies like Twitter<\/a> can offer creators the choice to receive payments in crypto.<\/p>\n

\tStripe highlighted that Twitter will use this feature to pay out earnings from Ticketed Spaces and Super Follows.<\/p>\n

\tIn the initial state, this option will be offered to a small group of Twitter\u2019s US creators.<\/p>\n

\tEsther Crawford, product lead for creators at Twitter said, “We\u2019re focused on helping creators who are driving those conversations earn money and connect with their audiences in new ways. We\u2019re excited to begin offering crypto payouts to creators via Stripe so they have more choice in how they get paid.”<\/p>\n

\t“With crypto payouts, platforms using Stripe can send money to verified recipients nearly anywhere in the world, instantaneously,\u201c said Will Gaybrick, chief product officer at Stripe.<\/p>\n

\tHere’s how it works as per Stripe!<\/strong><\/p>\n

\tWith Stripe Connect, businesses can programmatically payout to people in more than 70 countries\u2014in their local currency.<\/p>\n

\tIn addition to crypto payouts, platforms using Connect can participate in the Web3 economy without having to acquire and store crypto themselves.<\/p>\n

\tThey can quickly payout to their users in even more countries, and improve their services for those who prefer crypto over traditional fiat payment methods.<\/p>\n

\tStripe will initially support payouts in USDC to wallets compatible with the Polygon network.<\/p>\n

\tLater this year, Stripe will roll out support for additional cryptocurrencies and blockchain networks. Platforms and their end users can easily monitor and manage payouts\u2014including crypto\u2014in the Stripe Dashboard.<\/p>\n

\n
\n

Subscribe to Mint Newsletters<\/strong><\/p>\n

\n

*<\/span> Enter a valid email<\/p>\n

*<\/span> Thank you for subscribing to our newsletter.<\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Twitter is going to pay its creators in cryptocurrency. The American microblogging and social networking service firm has joined hands with Stripe, a financial infrastructure platform, and marketplaces, to launch a pilot payout for creators. In a statement, Stripe stated that now it can instantly pay funds to its sellers, freelancers, content creators, and service […]<\/p>\n","protected":false},"author":1,"featured_media":14687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[39],"tags":[4565,52,164,409,1569,2474],"class_list":["post-14686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ico","tag-creators","tag-cryptocurrency","tag-heres","tag-pay","tag-twitter","tag-works"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/04\/Twitter_1649937590493_1650708764820.JPG","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/14686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14686"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/14686\/revisions"}],"predecessor-version":[{"id":14688,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/14686\/revisions\/14688"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/14687"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14686"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}