Twitter To Start Crypto Payouts For Creators

[TL; DR]

· Twitter is partnering with Stripe and will integrate Stripe's payment feature on its social network platform.

· The new creator dashboard will allow Twitter users to monetize their skills and get paid directly on Twitter.

· The cryptocurrency used to receive the payment is USDC, a stable coin.

· The partnership between Stripe and Twitter is in its testing phase, and other features will be added subsequently.

· The crypto payout will be deployed over Polygon Network because of its low fees, high speed, and Ethereum integration.

· The Twitter creator dashboard will enable creators who drive conversations to earn money and connect with their audiences.

· The creator dashboard lets you track your earned money and decide which wallet to keep the funds.

· You get to keep track of your journey as a creator and an oversight into your income streams on Twitter.

· The creator dashboard highlights data on ticketed spaces and super follows with an overall payout tracker.

· The new feature enables you to measure your performance and identify your favorite audience as a creator.

· The creator dashboard is an advanced monetization tool, and the integration with Stripe makes it a novel idea.


Recently, we have seen social media platforms partnering with financial service providers. The partnership is necessary to help users of these social networking sites to monetize their craft and get paid directly.

The latest of such exploits is the partnership between Twitter and Stripe. The partnership is necessary due to the new creator dashboard introduced by Twitter.

In this article, we shall highlight the partnership between Twitter and Stripe. In addition, we shall examine the new Creator Dashboard and how the Stripe payment gateway will enable creators to make money directly on Twitter.


Twitter Explores Stripes Cryptocurrency Payment Feature

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Recently, Stripe launched its new cryptocurrency payment feature. Since its launch, Twitter has been the first company that will be integrating the payment feature into its social network platform.

Twitter plans to give creators the ability or privilege to monetize their video, art, and music directly. These creators can sell their craft to the Twitter audience and get paid in a stablecoin.

According to Stripe, the cryptocurrency used for the twitter creator payout is the USD Coin (USDC). Twitter will offer Stripe’s cryptocurrency payments feature as an option to creators who sell premium content to their Twitter audience.

The partnership between Twitter and Stripe will be a testing phase, and the testing will start with USDC, the stablecoin pegged against the US Dollar. Stripe will enable crypto payouts in over 120 countries in the testing phase.

The cryptocurrency payouts will be deployed over Polygon Network. Polygon will be the choice of deployment because of its low fees, high speed, and Ethereum integration. Polygon network is also compatible with MetaMask, Coinbase Wallet, and other crypto platforms.

Even with the integration of Polygon Network by Stripe, Twitter creators can decide whether they want to keep their earned funds in Polygon on other digital wallets.

At this juncture, it is expedient to highlight Twitter’s new creator Dashboard feature and how you can make money as a creator.


Twitter’s Creator Dashboard

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Esther Crawford, Twitter’s Product Lead for Creators, said, “ Twitter is where people go to have conversations about what is happening. We (Twitter) are focused on helping creators who drive those conversations earn money and connect with their audiences in new ways. We are excited to begin offering crypto payouts to creators via Stripe, so they have more choice in how they get paid.”

This statement by Esther Crawford shows that there is a conscious effort on the part of Twitter to prioritize creators as long as they keep driving conversations about current happenings. Then who are these creators, and where are they on Twitter?

The Creator Dashboard is one of the recently added features. The dashboard was launched to help Twitter users become creators with a skill or craft that includes music and videos.

The creator dashboard has the monetization option to motivate these creators to post and grow their online presence. The monetization option also helps creators track their earned money and which wallet to keep them.

The creator dashboard provides oversight into your income streams on Twitter. It will highlight data on Ticketed spaces and super follows alongside an overall payout tracker to help you measure your performance online.

In a statement by Twitter, “Creator Dashboard is designed to help creators further understand how they make money on Twitter and how much they are earning from monetization features, Ticketed Spaces, and Super Follows.”

The creator dashboard is easily accessible from the monetization tab. It provides a straightforward way for creators to search through their payment history and see information about upcoming payouts.

This new feature is no doubt an exciting innovation by Twitter. Integrating a smart monetization tool like Stripe makes it a perfect feature.


Conclusion

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The step taken by Twitter to launch a monetization tool and integrate it directly on the social media platform is a welcome development. It is high time creators leverage these opportunities and make money across these social media pages.

The partnership between Stripe and Twitter is currently in a testing phase and is expected to add other smart features as time goes on. The creator dashboard will help fuel on-platform engagement and gear other individuals to explore their creativity.



Author: Valentine A., Gate.io Researcher
This article represents only the researcher's views and does not constitute investment suggestions.
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