Elon Musk open to boosting X creator payouts under strict anti-abuse safeguards

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.