Expanding global payouts with crypto
stripe.com
Expanding global payouts with crypto
1–10 of 44 posts
Re: Expanding global payouts with crypto
#2Unsurprising and totally expected. [0][1]
But yet again, we'll see the same old screaming and shouting 'scam' comments everywhere even when Stripe isn't the one scamming and only was waiting for regulations before entering back in.
It's also interesting to see no praise or any critical critique yet on this announcement here with what Stripe is offering and where the exact so-called scam is.
Perhaps the typical screaming and shouting 'scam' comments will only happen in the next crypto / DeFi hack / scam post on HN, but not when Stripe releases something in its product offering about crypto.
Maybe when they say 'crypto has no use case' they cannot deny Stripe's involvement and them using it which also explains that it ruins the skeptics 'crypto scam' narrative and why they hesitate to immediately scream and comment here.
Either way, we'll see but in the meantime USDC looks like a sensible choice for crypto payouts.
Re: Expanding global payouts with crypto
#3A few initial thoughts:
- This is a win for the polygon network and USDC adoption
- Twitter payouts is a small (in value) but high profile place to start
- I can see this being great for use cases where your bank might restrict withdrawals based on the activities that resulted in the payout
- Stripe should build a crypto off-ramp. It would be a short-term distraction for them but long-term could position them to be _the_ business bank
Re: Expanding global payouts with crypto
#4Interesting. Twitter probably has no inflow of USDC, right? So it will have to buy it for dollars. Which will create demand for USDC.
And Polygon is probably a second layer solution based on Ethereum, so indirectly, this will create demand for ETH?
Re: Expanding global payouts with crypto
#5This is pretty cool, having the option to get paid out in USDC will create opportunity for many to hold the payout in USD without the cost of exchanging back and forth, provided that USDC is adequately backed and managed, and there are no critical security vulnerabilities.
Re: Expanding global payouts with crypto
#6A few initial thoughts: - This is a win for the polygon network and USDC adoption - Twitter payouts is a small (in value) but high profile place to start - I can see this being great for use cases where your bank might restrict withdrawals based on the activities that resulted in the payout - Stripe should build a crypto off-ramp. It would be a short-term distraction for them but long-term could position them to be _…
I'm unfamiliar with this Twitter feature. Who is using it to make money?
Re: Expanding global payouts with crypto
#7A few initial thoughts: - This is a win for the polygon network and USDC adoption - Twitter payouts is a small (in value) but high profile place to start - I can see this being great for use cases where your bank might restrict withdrawals based on the activities that resulted in the payout - Stripe should build a crypto off-ramp. It would be a short-term distraction for them but long-term could position them to be _…
Why would you say twitter is a high profile place?
I'm lost on this. I never seen ads on Twitter and only read it to see if someone really posted whatever news side is posting a tweet.i have never seen anything being driven by twitter
Re: Expanding global payouts with crypto
#8Unsurprising and totally expected. [0][1] But yet again, we'll see the same old screaming and shouting 'scam' comments everywhere even when Stripe isn't the one scamming and only was waiting for regulations before entering back in. It's also interesting to see no praise or any critical critique yet on this announcement here with what Stripe is offering and where the exact so-called scam is. Perhaps the typical scream…
This is mostly off-topic, but one thing I’ve taken to when evaluating these announcements is to give the coin a stupid-sounding name and see if the idea still sounds impressive.
“Stripe piloting payouts to Twitter creators in Circle Bucks”
Do with that what you will.
Re: Expanding global payouts with crypto
#9A few initial thoughts: - This is a win for the polygon network and USDC adoption - Twitter payouts is a small (in value) but high profile place to start - I can see this being great for use cases where your bank might restrict withdrawals based on the activities that resulted in the payout - Stripe should build a crypto off-ramp. It would be a short-term distraction for them but long-term could position them to be _…
Why would you say twitter is a high profile place? I'm lost on this. I never seen ads on Twitter and only read it to see if someone really posted whatever news side is posting a tweet.i have never seen anything being driven by twitter
huh? it's used by hundreds of millions of people. I see ads all the time on my feed.
Re: Expanding global payouts with crypto
#10As a Russian oligarch, I'm very happy that Stripe is expanding my access to USDC when previously, I would have been prohibited from holding US Dollars, or selling the ones I have! Unfortunately, I'll have to send it through Twitter for some reason, but this is a win for free markets worldwide.