Key Takeaways
- Elon Musk voiced support for higher creator payouts on X, while emphasizing the need for safeguards against abuse.
- The remark came after a suggestion that X should pay more than YouTube to secure more original content.
Elon Musk has backed the idea of X boosting creator payouts, stressing that fairness has to be enforced. His statement comes in response to a proposal suggesting that the popular platform should pay creators more than YouTube to attract original content.
X operates as a social media platform with creator monetization tools. The platform is advancing into an ‘everything app’ and is actively developing features to support in-app financial transactions and native trading.
X is also building a peer-to-peer payment system, X Money, in partnership with Visa. There is currently limited internal testing for the service, with a phased rollout by states expected soon.
Despite Musk’s long-standing support for Bitcoin and Dogecoin, the new services currently do not feature crypto integrations. Users nonetheless speculate that digital asset payments could follow as X builds out its financial ecosystem.
Source: https://cryptobriefing.com/elon-musk-boosts-x-creator-payouts/
