X’s recent announcement of an ad revenue-sharing initiative has stirred a surge of interest across the cryptocurrency arena. The project, which allows content creators to earn a portion of revenues from ads related to their content, has sparked speculation about the future prospects of incorporating crypto payments, particularly BTC.
This revolutionary move uncovers huge potential for X’s platform. Having a substantial follower base with a minimum of 15 million impressions and 500 followers are required to join the revenue-sharing program. Of particular note is the declaration that Stripe, a prominent fintech company, will handle payment processing, giving a nod to the crypto ecosystem.
Near the heart of reported interest is Elon Musk, and the suggestion that Dogecoin might be an apt choice for integrated payment – a proposal that received a warm reception from the X community. However, others tempered enthusiasm with a pinch of realism, suggesting “Web Money” as a more likely initial choice.
Stripe’s recently launched fiat-to-crypto on-ramp is a key player in this discussion. Designed to streamline crypto purchases for clients in the US, the curtail is ideally-poised to support a hopefully forthcoming launch of crypto payments on X’s platform. However, no official plans have been shared by X’s developers to date regarding such an evolution.
The broader question at play echoes through the industry: just how far is X willing to integrate crypto into its platform? Speculations abound that both DOGE and BTC could be among the launch currencies supported by X.
While nothing is set in stone, the fact remains that the crypto payments feature has been live since April 2022 when Stripe began offering crypto payouts to Twitter creators. So could a cross-platform leap be next?
In conclusion, while integrating crypto payments into X’s platform creates an intriguing vision of the blockchain future, prudence waits in the wings. The infusion of crypto into a mainstream social media platform could prove the catalyst for broader acceptance and adoption. But, until X reveals concrete plans, speculation remains the driving force behind the hype.
Source: Cointelegraph
