Twitter to Begin Cryptocurrency Payouts for Creators. This Week's Top Bitcoin and Crypto News

 All the bitcoin, cryptocurrency and NFT news for the week ending April 22.

Welcome to Nonfungible Tidbits, a weekly roundup of news in crypto, NFTs and their related realms.

Our lead story this week is Twitter signing on as the first company to use Stripe's new cryptocurrency payments feature. 

The social network plans to give creators -- people who monetize their video, art and music directly through their relationships with the audience -- the option of getting paid in a stablecoin. 

We'll also cover Coinbase launching a beta version of its NFT marketplace, New York lawmakers considering a moratorium on fossil-fuel powered cryptocurrency mining in the state, and a strange cyberattack on a DeFi protocol in which the hacker left the stolen cryptocurrency behind. 

Stripe to begin cryptocurrency payments, starting with Twitter

Online payment processor Stripe said on Friday that it'll allow businesses to pay their customers in cryptocurrencies. The first business that's signed on for this feature is social media giant Twitter, which currently uses Stripe to pay creators. 

Right now the cryptocurrency that'll be used for the payout is a stablecoin called USDCoin, or USDC. The value of the USDC stablecoin is pegged to the US dollar, which makes the value less volatile than that of other cryptocurrencies, like bitcoin. 

Twitter will draw on Stripe's cryptocurrency payments feature by offering it as an option to creators who sell premium content to their followers, such as those who receive earnings from Twitter's paid Ticketed Spaces and Super Follows features. Creators can opt to have their payout sent to a digital wallet.

Coinbase launches beta version of NFT marketplace

Cryptocurrency exchange Coinbase on Wednesday released the beta version of a feature that'll allow users to buy and sell NFTs on its platform. Coinbase calls the new feature "a Web3 social marketplace for NFTs," which sounds like the exchange may include social media elements in the feature. Right now the beta version only lets people view Ethereum-based NFTs on Coinbase.





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