Meta, formerly Facebook, is integrating digital assets into its ecosystem and giving selected content creators the opportunity to receive their earnings in the USDC stablecoin. According to the company’s support page, payments will be processed through the payment provider Stripe.
To receive funds, users will be able to use wallets on the Solana or Polygon networks. Meta recommends popular solutions such as MetaMask, Phantom, or Binance.
Pay Attention to the Wallet Address!
The company emphasizes that creators must specify wallet addresses that support USDC on the Solana or Polygon networks. “Funds sent to an unsupported address or the wrong network cannot be recovered,” Meta warns in its announcement.
If technical difficulties arise, the company reserves the right to use alternative payout methods specified by the user.
Meta has previously made a large-scale attempt to create its own digital payment system through the Libra project. However, after regulatory pressure and a rebranding to Diem, the project was eventually shut down.
Meta: “You Are Responsible”
Through its partnership with Stripe, users will receive specific crypto reports for their records. Meta emphasizes creators’ personal responsibility: “As with all payment methods, you are responsible for the security of your account information, including your wallet access credentials.”
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In addition, the company recommends keeping both Meta payout history and Stripe records for tax reporting. Creators will also receive instructions on how to convert the USDC they receive into their local currency.
