"Meta's pilot program allows eligible creators in Colombia and the Philippines to receive earnings in USDC stablecoins through its platforms, marking a significant step into crypto payments."
"Stripe serves as Meta's infrastructure partner, enabling low-fee cross-border earnings for creators, and the program utilizes the Solana and Polygon networks for transactions."
"The current pilot reflects a workable, low-friction system for international creator payments, a response to the regulatory setbacks faced during the previous Diem project."
Meta has initiated a pilot program for creators in Colombia and the Philippines to receive earnings in USDC stablecoins via Facebook, Instagram, and Whatsapp. This program uses the Solana and Polygon networks, with Stripe as the infrastructure partner to facilitate low-fee cross-border payments. Eligible creators can connect a compatible crypto wallet to their Meta payout account. Meta aims to expand this stablecoin payout system globally throughout 2026, potentially reaching billions of users, marking a significant move into crypto-based payments after previous regulatory challenges.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]