"When you are blessed with a gift; learn how to share, empower and monetize it. Because it is a birthed passion, you will never work. "-Lasean Rinique
Twitter aka X.com announced new policies regards of engagement, innovation, content creation and monitization. Musk's bold vision and strategies and dynamic shift in the platform spark the excitement and controversy.
In the realm of Social Media Platforms X.com/Twitter is strong platform with the worth of 330 million monthly active users. Currently content monitization is the most popular but it's not supporting the users around the globe. X.com/Twitter is offering payment to content creators in their verified stripe accounts that's only support 46/193 counties of the world. If you wanna read about terms and policies of content monitization read here
Stripe is well reputable, credible and smooth payment processors. It offers wide range of payment transactions mode in low-transfer fee. No doubt it has numerous advantages but not globally accessible. There are few reasons disscus below why Twitter should review it's mode of payment 👇
Content monitization on social media platform economically empowers and encourage creators incentive quality content they are likely to spend more time in content creation. It would further content innovation, platform retention, growth and engagement.
The more content creators monitized their content throughout the world it will add to the revenue generated by subscription and traffic on the platform. This could be revolutionary step for the social media realms.
DeFi (Decentralized Finance System) and DEXs (Decentralized Exchanges) modes of payment for the content creation rewards. Musk should consider cryptocurrency for on chain payment and rewards for the content creation. Hive HBD & Leo$ are the best option to be considered as the payment of content monitization.
Although Twitter/X.com is a centralized platform but it can contract and collaborate with Decentralized Exchanges to make monitization more accessible around the globe. Decentralized Exchanges facilitate fast transaction and instant payments. It would smoother the payment process. Transaction fee/ transfer fee of cryptocurrencies are reasonable. Twitter monitization via DEXs would empower creators economically and the growth of platform would touch the sky.
Musk should consider to make X/Twitter as a global social media platform and should not limit it to specific region. Although it requires well thought plan and strategies for Twitter's integration with DEXs (Decentralized Exchanges) for monitization's payments to content creators..
__________________________________________
Thank you for your time on my blog. Your upvotes, comments, reblog and subscribe will be appreciated.
____________________________________________
