TechFlow news, December 12 — According to Fortune, YouTube has launched a new feature allowing creators in the United States to receive stablecoin payments via PayPal. May Zabaneh, PayPal's head of cryptocurrency, confirmed that creators can now opt to receive their platform revenue share in the form of PayPal's stablecoin PYUSD. This feature is currently available only to users in the U.S.
YouTube was already a client of PayPal's payment services, using them for gig and contractor payments to large enterprises. Early in the third quarter of this year, PayPal added the capability for payment recipients to receive funds in PYUSD, after which YouTube decided to offer this option to creators.
Zabaneh said: "The advantage we've built is that YouTube doesn't need to directly engage with cryptocurrency—we help eliminate that complexity."
