Stripe Announces Crypto Payouts in USDC on Twitter via the Polygon Network

San Francisco-based fintech giant Stripe declared its advance into cryptocurrency by partnering with Twitter.

Stripe Announces Crypto Payouts in USDC on Twitter via the Polygon Network.jpg

According to a new pilot program, Stripe will let a small group of creators send and receive payments in USDC via its payment platform, Connect creators can thus directly manage their details through the Stripe Express app.

The company declared in a blog spot that Twitter will be the first company to integrate the new payment method into monetization products. The social media platform will allow creators to get their earnings on Ticketed Spaces and Super Follows immediately settled in cryptocurrency wallets.

“All crypto complexity and operations” will be handled by Stripe, so Twitter won’t be in charge of storing and acquiring cryptocurrencies.

The fintech firm picks the Polygon network to process all the on-chain transactions for its strengths in “low gas fees” high speed, broad wallet compatibility, and integration with Ethereum” Creators who receive funds through the program can thus bridge their assets to Ethereum and exchange them quickly for other cryptocurrencies.

Read full story at: https://cryptounity.news/stripe-announces-crypto-payouts-in-usdc-on-twitter-via-the-polygon-network

Comments

Binance US launches low-barrier Ethereum staking ahead of The Merge

Binance US has launched its own Ethereum staking service with returns more attractive than those of its closest competitors. On September 7th Binance US expressed a 6% APY Ethereum Staking service offering 6% of its users' initial annual percentage yield. According to Binance US, this new feature will allow users to start ETH Staking with a minimum of 0.001 ETH an amount much more accessible than the 32 ETH required to be eligible as an Ethereum validator. Read full news at: http://cryptounity.news/binance-us-launches-low-barrier-ethereum-staking-ahead-of-the-merge

Indian IT Ministry directs crypto exchanges require to collect user private information for 5 Years

The new directives for VPN service providers and crypto exchanges would require them to collect critical private information as well the ownership patterns of customers. The Indian Computer Emergency Response Team (CERT-in) which falls under the Minister of Electronics and Information Technology, issued a new directive on Thursday, forcing crypto exchanges, virtual private network (VPN) providers, and data centers to store a wide range of user data for up to five years. Under the newly issued directive, crypto exchanges operating in India will be required to store customers’ names, ownership patterns, contact information, and different other information. Crypto exchanges and VPN services providers are also required to report any cyber incident within six hours of its occurrence and must hand over the collected data to the authorities upon order. “When required by order/direction of CERT-In, for cyber incident response, protective and preventive actions related to cyber incidents, the

USDT volume on exchanges up 20% in 3 months

USDT volume on exchange up 20% in 3 months the high percentage of Tether on exchanges is a sign of 2-year high buying power in the market. According to the Sentiment report, the ratio of Tether on exchange has gone from 19.7% on May 9th to a whopping 42.0% three months later. This can be viewed as both a signal that traders have taken profits as prices have rebounded The live Tether price today is $1.00 USD with a 24-hour trading volume of $44,616,481,998 USD. Tether is up 0.01% in the last 24 hours. The current CoinMarketCap ranking is #3, with a live market cap of $66,532,591,106 USD. It has a circulating supply of 66,517,962,690 USDT coins Read full news at : https://cryptounity.news/usdt-volume-on-exchanges-up-20-in-3-months

Cryptounity.news

Search This Blog