Stripe launches crypto support in Connect, starting with payouts for creators on Twitter | TechCrunch

Back in October 2021, Stripe announced that it would be re-entering the cryptocurrency market — ending a four-year hiatus with hype around crypto definitely not abating. Today, some six months later, it’s rolling out a new service — initially with one partner, Twitter — to get some activity going on its network. The payments giant is adding crypto payouts to Connect, its programmatic (API-based) payouts platform; and Twitter will be the first platform to let people get payouts in crypto using it. For some background… Twitter already uses Connect to power various monetization services aimed at creators that it’s already offering or testing out in limited release, which include things like Tips, Super Follows and ticketed Spaces events. Connect is available in local currencies already in 70 countries. Twitter’s monetizing service is not, but this gives it the potential to expand at some point. Added to this, Stripe last month released a series of APIs and other tools for developers to start integrating Stripe’s crypto features. Support to use fiat currencies to buy more than varieties of 135 crypto tokens (not a fragmented market at all!), cash-out facilities, NFT trading and compliance features like Know Your Customer (KYC) were among…
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