Ad revenue sharing has become a hot topic since X (previously known as Twitter) announced their new initiative. The possibility of integrating Bitcoin (BTC) as a payment method was suggested by the crypto exchange Kraken, a proposal that sparked an enthusiastic response from the X community.
Community Response to Crypto Payment Proposal
VJ Crypto Guerreier, a member of the X community, expressed excitement over the idea, stating it would be fantastic if X CEO Elon Musk would initiate Dogecoin (DOGE) payments. However, another user, ixela.lens, argued that “Web Money” payments might be a more realistic expectation for the time being.
Details of the Ad Revenue Sharing Initiative
X has officially launched its ad revenue sharing program for eligible creators globally. This initiative allows creators to earn a share of the revenue from ads displayed in response to their content on the X platform. This move is seen as a major stride in X’s efforts to support individuals in earning a direct income from the recently rebranded platform. To qualify for payouts, creators must have at least 15 million impressions over the past three months, a minimum of 500 followers, and a Blue verification subscription.
On the payment front, X has selected financial technology company Stripe as its payment processor for payouts. In a recent report by Cointelegraph, Stripe launched a native fiat-to-crypto on-ramp service designed to enhance the crypto purchasing process for customers in the United States. This could be advantageous if X decides to incorporate crypto payments, although there are currently no plans or indications from X developers to implement cryptocurrency-based payments.
Crypto Payments: A Long-Standing Topic of Discussion
Cryptocurrency payment support has been a point of discussion for quite some time, with rumors suggesting that DOGE and BTC could be among the first coins supported by X. In fact, Stripe has provided crypto payouts for Twitter creators since April 2022.
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