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X Using Stripe For Creator Payments; Crypto Coins Next?

X declared Stripe as its payment processor for payouts as part of the ad revenue sharing agreement with creators.; crypto payments next?
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X Using Stripe For Creator Payments; Crypto Coins Next?

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.

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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.

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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

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Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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