In the latest indication of how big financial institutions are becoming more open to digital assets, Stripe will let businesses pay users using cryptocurrency.

According to the $95 billion-sized online payment company, merchants will soon be able to pay in cryptocurrency using the stablecoin USDC. To maintain stability in price, stablecoins are tokens that have a fixed exchange rate with fiat currencies. As the name implies, USDC is the currency that backs the crypto. U.S. dollar.

TwitterThe first company to implement the new method of payment will be this firm. Starting Friday, the social media platform — which has been the subject of much talk lately over a potential takeover by Tesla CEO Elon Musk — will let a certain number of creators receive their earnings from its paid Ticketed Spaces Super FollowsUSDC features

Since dropping bitcoin support four years back, Stripe has made a significant move into crypto. This San Francisco-based startup stopped accepting payments via bitcoin in January 2018“, the report stated that digital coins are well-known for their volatility in price and poor efficiency when making daily transactions.

Despite the hype surrounding “The Blockchain”, however, the company has since embraced crypto.Web3“” is a tech movement that advocates for a blockchain-based decentralized internet. Stripe formed last year a team to investigate crypto and Web3. John Collison (Stripe founder) hinted that the company would be founded in November. may soon offer crypto support again.

Stripe stated in a blog post Friday that while the “store of value” aspects of cryptocurrency are often the focus of attention, they view the possibility of an “open-access global financial railways” as at least equally appealing. Stripe stated that they have been looking into ways of using cryptocurrency-based platforms for greater access.

Crypto payouts will be handled by the company on Polygon’s network. This is a “Layer 2” solution, which sits on top Ethereum to process transactions more quickly and at lower costs. Bitcoin, Ethereum and other crypto currencies have come under fire for their slow transactions and prohibitive fees.

Stripe stated that they plan to support additional railroads and pay currencies in the future.

Stripe isn’t the only company opening up its platform to digital currencies — in fact, the company is arguably late to the party. Visa, Mastercard PayPalOther major payment processors also have announced their moves in this space. It was at a time when digital currency prices were rising.

Recently, many major cryptocurrencies fell sharply after reaching record levels. The largest cryptocurrency, bitcoin, is down over 40% from its peak November of almost $69,000. Bitcoin trades at approximately $40,373.36, down by approximately 4% within the past 24 hours.