Twitter creators to get payouts in cryptocurrency- Know how it works

tech.hindustantimes.com:

Microblogging and social networking site Twitter is going to pay creators in cryptocurrency. Yes, Twitter has joined hands with Stripe, a financial infrastructure platform for business, for the same. It can be noted that initially, payouts will be available using USD Coin (USDC), a stablecoin pegged to the US dollar. Informing about the same, Stripe said in a statement, "Platforms and marketplaces on Stripe can now instantly pay funds to their sellers, freelancers, content creators, and service providers using cryptocurrency. Initially, payouts will be available using USD Coin (USDC), a stablecoin pegged to the US dollar."

Twitter will use this feature to pay out earnings from Ticketed Spaces and Super Follows and in the initial state, this option will be offered to a small group of Twitter’s US creators. "Using Stripe, companies like Twitter can offer creators the choice to receive payments in crypto. Twitter will use this feature to pay out earnings from Ticketed Spaces and Super Follows. This option will initially be offered to a small group of Twitter’s US creators," Stripe added.

Reacting on the same, Esther Crawford, product lead for creators at Twitter said, "Twitter is where people go to have conversations about what’s happening. We’re focused on helping creators who are driving those conversations earn money and connect with their audiences in new ways. We’re excited to begin offering crypto payouts to creators via Stripe so they have more choice in how they get paid."

While, Will Gaybrick, chief product officer at Stripe said, "Making commerce more global is one of the most powerful ways we’re going after our mission to increase the GDP of the internet. Because crypto protocols are global by default, they’re a