THELOGICALINDIAN - Stripes app users can now accept to accept payments in USDC on the Polygon network
Stripe will pilot cryptocurrency payouts application the Ethereum ascent band-aid Polygon. Twitter will be the aboriginal aggregation to analysis Stripe’s crypto payments for users of its agreeable monetization products.
Stripe Integrates Stablecoin Payments
Crypto payments accept accustomed on Stripe.
In a Friday blog post, the payments close appear that it had teamed up with Twitter to accommodate USDC stablecoin payouts for users who acquire assets through the amusing media site’s exceptional products. Now, called users can accept to banknote out acquirement generated through Twitter Ticketed Spaces and Super Follows to the Polygon arrangement via a Web3 wallet.
A abbreviate video clip acquaint by the official Stripe Twitter annual shows assorted wallets, including Rainbow, WalletConnect, Coinbase Wallet, and Metamask, are accordant with the new crypto payments feature. All crypto payments cashed out via Polygon will be baffled through Stripe Connect, which will additionally handle know-your-customer requirements, Stripe said.
The new Polygon affiliation marks Stripe’s re-entry into the crypto amplitude afterwards discontinuing support for Bitcoin payments in 2018. Last month, Stripe co-founder John Collison revealed that the aggregation had pivoted to acknowledging crypto business but did not acknowledge any specific partnerships. While Stripe acceptable chose to add payments to Polygon aboriginal due to the network’s low transaction fees, the aggregation said it additionally affairs to add options for acquittal in added cryptocurrencies in the future.
Polygon, which is currently Ethereum’s top ascent solution, has been authoritative strides to conductor in accumulation crypto acceptance in contempo months. Today, it appear a affection alleged Supernets to advice crypto projects calibration their operations beyond new chains, and it’s additionally acquired several projects that advantage ZK-Rollups, technology that can advice with ascent by processing affairs at a college acceleration and lower amount than Ethereum mainnet. Twitter, too, has apparent a bright absorption in acknowledging cryptocurrency technology, afresh abacus Bitcoin payments via Lightning Network and an NFT affidavit feature. Now, it appears accessible to embrace the amplitude added with Stripe’s help.
Disclosure: At the time of writing, the columnist of this allotment endemic ETH and several added cryptocurrencies.
