By Lisa Pauline Mattackal
(Reuters) – Twitter Inc and digital payments processor Stripe Inc will pilot cryptocurrency payouts for select users of the social media site’s content monetization products, the companies announced on Friday.
Twitter added the monetization features last year in an effort to integrate more into the “creator” economy and boost revenues.
Users who receive crypto payments can hold their earnings in crypto wallets on the Polygon network, a crypto infrastructure firm on the ethereum blockchain, and can then exchange them into other currencies.
Stripe plans to add options for payment in other cryptocurrencies in the future, the company said.
(Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by Shailesh Kuber)