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Meta Offers Stablecoin Payouts In Colombia And Philippines
Meta updates its support pages for payouts to include stablecoin payouts, offering creators the opportunity to get paid over Polygon and Solana.
Meta is finally getting into stablecoins via creator payouts (Dima Solomin / Unsplash)
Meta is going after stablecoin payouts.
One of the world's largest companies is diving into the stablecoin arena to offer its creators the chance to get paid in stablecoins.
According to one of its support pages and announcements from Polygon and Solana, Meta is currently allowing creators to get paid in USDC stablecoin in Columbia and Philippines.
This means that Facebook users who are earning by creating content can now opt in to get paid much faster in stablecoins via two fast blockchain networks. Several FAQ are listed to help set up the process, naming a range of stablecoin wallets that would be compatible sending and accepting USDC stablecoin on either networks.
Meta's disclaimers makes it clear that there are risks involved and it is not them who controls the processes of third-party providers being used.
Also, it providers information to users to convert stablecoins to local fiat currency, a pattern which will become more popular as more users are onboarded to stablecoins worldwide.
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