As a reminder, Stripe is a popular payment system used by many residents in foreign countries. It is important to note that it supported transactions with BTC a few years ago, but in 2018 it decided not to interact with the coin due to its excessive volatility.

That said, as the company noted in November 2021, re-integration of cryptocurrencies was already considered possible at the time. And now the payments giant has teamed up with Twitter to give even more users access to coins.

What’s happening in the cryptocurrency world

Before they can start using the new Stripe Connect feature, content creators must go through an identity verification process, which means showing their own documents and confirming their place of residence at the same time. They will then be able to manage their account details, track real-time earnings and upcoming payments to their cryptocurrency wallets.

Here’s a clip from a post on the company’s official Twitter account, where they show off the new feature. As you can see, users will also get a quick connect cryptocurrency wallet feature, which will also be handy when making payouts.

By the end of the year, Twitter and Stripe plan to expand access to Stripe Connect to more than 120 countries. Twitter’s head of product for creators Esther Crawford commented with the following quote, cited by Cointelegraph.

We’re excited to start offering cryptocurrency payments to content creators via Stripe so that they have more choice in how they get paid.

In other words, content creators on Twitter will be able to receive payments in crypto directly. Accordingly, they will have a serious reason to get in touch with digital assets, even if they haven't done so before. Still, in this case, receiving crypto payments is available in a few clicks, which is also suitable for newcomers.

Stripe Connect

According to Decrypt’s sources, the Etherium ecosystem itself had noticeable performance issues the day before. Decentralized applications based on it were having trouble functioning properly, which caused concern among users. The root of the problem was a malfunction in the Infura node cluster, which connects the user interface of decentralised applications to an external smart contract on the Ethereum blockchain.

As a reminder, Infura runs the nodes to interact with the Ethereum blockchain and is also in charge of keeping them operational. Large cryptocurrency companies use the provider's services because it saves them the hassle. However, there is a disadvantage: if problems arise on Infura's side, many services will simply stop working.

Infura is doing well now

According to an update on the Infura page as of 13:43 UTC 22 April, the node cluster operator has identified issues with many of its APIs.

APIs for Ether itself, as well as solutions like Polygon, Optimism and Arbitrum were among those affected. Fortunately, a couple of hours later, Infura representatives made an announcement, stating that the problem had been resolved. However, this incident is further proof that even the decentralised Etherium ecosystem can be hit by touchpoints with similar centralised services.


How to solve this problem? Users only need to maintain their own nodes to interact with the network. Yes, it takes time and resources, but this way they are completely independent of any companies. The only connection here would be with an ISP.

Problems in the operation of Etherium


We think that initiatives like this from big companies are good for the popularity of cryptocurrencies. Thanks to them, users understand that there is no need to be afraid to connect to crypto, as such giants have already succeeded in doing so. So next we have to wait for new integrations from equally big-name services - as well as an influx of coin users.

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