Sharing X’s Ad Revenue: Crypto Payments Ahead?
Should Elon Musk’s platform decide to adopt crypto payments in the future, Stripe’s on-ramp service could prove beneficial.
After announcing X (formerly Twitter)’s ad revenue-sharing initiative, crypto exchange Kraken proposed the possibility of accepting payments in Bitcoin (BTC).
The X community responded positively to the tweet, praising the suggestion as a welcome idea. VJ Crypto Guerreier said it would be incredible if X-CEO Elon Musk could start using Dogecoin (DOGE) for payments. However, ixela.lens, another user of the platform, replied that for now it might be more realistic to receive payments in “Web Money”.
After much anticipation, X eventually ran its ad revenue sharing program for eligible YouTubers worldwide. The initiative allows creators to receive a portion of the revenue generated from ads displayed in response to their content on the X platform. According to the developers, this move is an important step in X’s commitment to helping individuals make a direct living on the recently rebranded platform.
Today is the day: Ads Revenue Sharing is now live for eligible creators globally.
Set up payouts from within Monetization to get paid for posting.
We want X to be the best place on the internet to earn a living as a creator and this is our first step in rewarding you for your…
— X (@X) July 28, 2023
We want that with at least 15 million impressions in the last three months, with at least 500 followers and the Blue Verified subscription are eligible for a payout. Meanwhile, X has named financial technology company Stripe as the payment processor for withdrawals.
According to a report, Stripe has launched a native fiat-to-crypto on-ramp service that aims to improve the crypto buying process for customers in the United States. Should Musk’s platform adopt crypto payments, the on-ramp service could prove beneficial. However, there are no hints or plans from X developers regarding the implementation of cryptocurrency-based payments.
Elon Musk’s possibility of introducing crypto payments to the social media platform has been a topic of discussion for some time, with speculation suggesting that DOGE and BTC could be among the early coins , which are supported by X.
