X Using Stripe For Creator Payments; Crypto Coins Next?

elon musk X crypto payments dogecoin bitcoin

Crypto News: After much anticipation, X, formerly Twitter, launched the ad revenue sharing for eligible creators globally. This means eligible creators will get a share of revenue from impressions of advertisements displayed in replies to content they post on the X platform. The developers said this is a part of X’s effort to help people earn a living directly on the newly rebranded platform.

Also Read: UK and Singapore Unite for Crypto Standards: The Next Big Leap for Digital Asset Regulation?

Meanwhile, the official Twitter handle of one of the top United States based crypto exchange asked the big question in the crypto market, about the option to receive payments in Bitcoin.

Stripe Based Payments For X Creators

Creators with a minimum of 15 million impressions in last 3 months, at least 500 followers and the Blue verification subscription will be eligible for payouts. Meanwhile, X has declared financial technology company Stripe to be its payment processor for payouts. Earlier, CoinGape reported that the company launched a native fiat-to-crypto onramp service that enhances crypto purchasing experience for United States based customers. If and when the Elon Musk platform decides to roll out crypto payments, the on-ramp will be of huge help. However, there is no sign or plan from X developers about the launch of crypto coins based payments.

Dogecoin, Bitcoin Frontrunners

In reality, the crypto payments support has been available since as long as April 2022, when Stripe added support for cryptocurrency payouts to Twitter creators. While the debate of crypto payments launch on the social media platform has long been discussed, it is speculated that Dogecoin (DOGE) and Bitcoin (BTC) would be among the first batch of coins X supports. When Musk announced the Twitter rebranding efforts, Dogecoin price took an impressive jump over similar speculation.

Also Read: LUNC News: Community Stays Positive Ahead of the Onboarding of Top Web3 Builders

Anvesh reports major crypto updates around regulation, lawsuits and trading trends. Published around 1,000 articles and counting on crypto and web 3.0. He is currently based in Hyderabad, India. Reach out to him at [email protected] or twitter.com/BitcoinReddy


The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Source link


Please enter your comment!
Please enter your name here