X shifts US creator payouts from Stripe to X Money
Social media platform X has mandated that all U.S. creator payouts be processed through its internal 'X Money' service, replacing the previous Stripe-based system. This move is part of Elon Musk's broader strategy to transform X into an 'everything app' by integrating digital banking features.
Why it matters
The change forces creators into a proprietary ecosystem, raising questions about platform control and the centralization of financial services within social media.
Elon Musk’s social network X on Wednesday said that starting today, all of its U.S. creator payouts will be handled through X Money, the app’s payments service.
This includes payouts from both X’s Original Content Rewards Program and creators’ subscriptions, the company said in an update shared on X.
Starting today, U.S. payouts for Original Content Rewards and Subscriptions will be paid through @XMoney . You'll have access to your payouts the moment they’re sent. › Already using 𝕏 Money? No action needed. Your next payout will be sent there. › Not yet on 𝕏 Money? Open…
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