December 12, YouTube is now allowing its platform creators to choose to receive earnings through PayPal’s stablecoin. PayPal’s Head of Crypto, May Zabaneh, confirmed this arrangement to Fortune magazine and stated that the feature has officially launched, currently only available to users in the United States. A spokesperson from Google (YouTube’s parent company) also confirmed this news, stating that YouTube has added a new way for creators to receive payments via PayPal stablecoins. YouTube has been an enterprise user of PayPal for a long time, using PayPal’s large-scale payment services to help part-time content producers like platform creators receive their payments. PayPal added the capability to receive funds in PayPal’s stablecoin PYUSD in early Q3 of this year. Subsequently, YouTube chose to offer this option to its creators — allowing them to receive a share of their platform revenue.
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YouTube introduces a new option to pay US creators' earnings using stablecoins
December 12, YouTube is now allowing its platform creators to choose to receive earnings through PayPal’s stablecoin. PayPal’s Head of Crypto, May Zabaneh, confirmed this arrangement to Fortune magazine and stated that the feature has officially launched, currently only available to users in the United States. A spokesperson from Google (YouTube’s parent company) also confirmed this news, stating that YouTube has added a new way for creators to receive payments via PayPal stablecoins. YouTube has been an enterprise user of PayPal for a long time, using PayPal’s large-scale payment services to help part-time content producers like platform creators receive their payments. PayPal added the capability to receive funds in PayPal’s stablecoin PYUSD in early Q3 of this year. Subsequently, YouTube chose to offer this option to its creators — allowing them to receive a share of their platform revenue.