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Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twitter, in the latest sign of how large financial firms are warming to digital assets. Starting imminently, the social media platform will let a certain number of creators receive their earnings from its paid Ticketed Spaces and Super Follows features in USDC.
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“While the ‘store of value’ aspects of cryptocurrencies typically receive the most attention, we view the prospect of ‘open-access global financial rails’ as being at least equally compelling,” Stripe said in a blogpost Friday. “As a result, we’ve been exploring ways to use cryptocurrency-based platforms to unlock broader access.”
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