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X, formerly known as Twitter, has recently been pondering the acceptance of Bitcoin payments in the wake of their announcement of a new ad revenue sharing program. The initiative, which benefits qualified creators across the globe, was welcomed with open arms by the X community.
Crypto enthusiast VJ Crypto Guerreier quickly chimed in on the topic, expressing hope that X CEO Elon Musk could initiate payments in Dogecoin. However, another user, ixela.lens, counter-argued that a more realistic starting point could be the well-established "Web Money."
The ad revenue sharing initiative came as a result of X's firm commitment to empowering its users to earn income directly from the platform, the tech giant has announced. Under the scheme, creators whose posts garner a minimum of 15 million views over three months and who have accrued a following of at least 500 followers alongside a Blue verification badge, will receive a share of the profits from the ads shown on their content.
X's choice of payment processor, the financial services Stripe, adds a fascinating element to the story. According to recent news, Stripe has launched a service that facilitates conversion from traditional fiat currency to cryptocurrency, promising an enhanced experience for customers based in the United States.
Crypto payment implementation could certainly be an advantage for X should they decide to venture down that path. However, at this time, the tech giant has given no clear indication or presented any plans to adopt crypto payments.
The conversation regarding potential crypto payments on social platforms has been ongoing since April 2022, when Stripe began offering crypto payouts to Twitter creators. In these discussions, Dogecoin and Bitcoin have been frequently mentioned as potentially the first cryptocurrencies to be supported on X's platform, adding yet another layer to this unfolding narrative.
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