Payments Giant Stripe Adds More Crypto Payouts

September 23, 2022

Stripe revealed in a press release that it has now enabled USDC payout to freelancers around the world.

Stripe is aiming to include a large unbanked population with its latest crypto payout option.

The payment gateway giant estimates that roughly 4.4 billion people could potentially receive payments in USDC with the latest addition.

Stripe aims to target a majority of the people in Djibouti, El Salvador, and Bhutan that don't have bank accounts.

Nikhil Chandhok, chief product officer at Circle tweeted, “Such an important use case enabled by USDC!”

Earlier, the US Government proposed a bill that seeks to ban Terra Luna-like algorithmic stablecoins.

The payment gateway giant Stripe estimates that roughly 4.4 billion people could potentially receive payments in USDC with the latest addition.