Only select creators in Colombia and the Philippines can use this right now. They're paying with USDC through Stripe, which runs on Solana and Polygon.
This could be a big deal, and fingers crossed it goes global soon. I mean, it’d be cooler if they’d pay in Bitcoin, but that volatility is probably a dealbreaker for them.
Banks probably hate this. But honestly, creators might lose more on converting to fiat than just getting USD payments straight up, you know?
At least it’s not some CBDC, which is a win.
Creators should be able to pick Bitcoin and convert whenever they want. It's kinda lame they’re sticking with inflationary fiat instead of going all-in on crypto. If they had Bitcoin, it’d be better; they shouldn't even mess with stablecoins if Bitcoin's not on the table.
True that, it’d be better with Bitcoin for sure. I get why they’re cautious, risks and all that. Didn’t they try something called Libra before? Total failure. I hope this new rollout is more than just hype.
USDC seems to be getting more popular with US-based companies, and it has solid transaction volume according to reports.
Meta's been through a lot legally, so they’re probably just gonna stick to the safest options moving forward.
Looks like they’re only testing in those two spots for now. I read somewhere they plan to expand to 160 countries by the end of the year if all goes well. Regulation will play a big part in what currencies they can use, just like choosing USDC over others. Who knows, Bitcoin might still make the cut.
Finally, Meta is rolling out that stablecoin payment idea they talked about months ago. I remember them saying they'd support stablecoin payments across their platforms like FB, IG, and WA. Starting with creators is cool. Can’t wait to send stablecoins directly to someone on WA.
If it works, it could be huge. They really need to watch their income though, their shares are taking a hit.
Good news for me I’m waiting for my first payout as a creator.
Getting paid in USDC will definitely save me on conversion fees. Next, I hope they add crypto payment options for Meta ads, that would be sweet. More people might get into crypto if stablecoins become a payout option.
This is a solid move for Meta, paying creators from Colombia and the Philippines with stablecoins. It shows that crypto is making waves in mainstream stuff.
Having Bitcoin as an option would be awesome, but I get it baby steps for now. USDC is a good start.
Creators will probably be happy to get paid in any currency they can spend. Stablecoins are way better than fiat for online spending since they avoid all those restrictions.
Sure, Bitcoin is the ideal choice since it's decentralized, but its volatility is a concern. USDC is a safer call.
Choosing USDC on Solana and Polygon is a smart move super fast and low fees. Creators are often scared of market swings, and this setup tackles that right from the start.
Honestly, this is probably the biggest stablecoin launch I’ve seen so far. It would be epic if it could roll out globally. More creators could be paid in crypto.
Yeah, it'd be exciting if Bitcoin were an option, but I guess Meta is playing it safe.