YouTube introduces a new option to pay US creators with stablecoins
BlockBeats News, December 12, YouTube is now allowing its platform creators to choose to receive earnings via PayPal's stablecoin. May Zabaneh, Head of Crypto at PayPal, confirmed this arrangement to Fortune magazine and stated that the feature is officially live, currently available only to users in the United States.
A spokesperson for Google (YouTube's parent company) also confirmed the news, stating that YouTube has added the option to pay creators' earnings via PayPal stablecoin. YouTube has long been an enterprise user of PayPal, utilizing PayPal's large-scale payment services to help part-time content creators on the platform receive compensation.
Earlier in the third quarter of this year, PayPal added the ability for recipients to accept payments in PayPal stablecoin PYUSD. Subsequently, YouTube chose to offer this option to its creators—allowing them to receive their share of revenue earned from content published on the platform.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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