Twitter has teamed up with Stripe for cryptocurrency payments to stars of its platform and has also banned adverts that deny the reality of climate change.
The social media giant’s announcement on Earth Day came as it tries to fend off an unwanted takeover bid by billionaire Elon Musk.
He has said he thinks people should be able to say pretty much whatever they want on the platform.
“Misleading advertisements on Twitter that contradict the scientific consensus on climate change are prohibited, in line with our inappropriate content policy,” Twitter global sustainability manager Casey Junod said in a blog post.
“We believe that climate denialism shouldn’t be monetised on Twitter, and that misrepresentative ads shouldn’t detract from important conversations about the climate crisis.”
It comes as online payments giant Stripe said it will start letting Twitter stars get paid in a dollar-pegged form of cryptocurrency in the latest endorsement of digital money.
Stripe – founded by Limerick brothers John and Patrick Collison – revealed the news in a blog post.
It said it is eager to expand the option to other online platforms, where “creators” who attract audiences are provided with ways to make money such as subscriptions and access to exclusive content.
“We’re focused on helping creators who drive those conversations earn money and connect with their audiences in new ways,” Twitter creators product lead Esther Crawford said in the post.
“We’re excited to begin offering crypto payouts to creators via Stripe so they have more choice in how they get paid.”
Stripe will do the behind-the-scenes work to enable a “select group” of popular Twitter figures to get paid in USDC stable coin pegged to the US dollar, the companies said in the post.
“With crypto payouts for Connect, Twitter will make it possible for creators who opt in to have their earnings paid out to a cryptocurrency wallet,” the blog post explained.
“This will enable many people who wouldn’t otherwise be able to hold dollars to do so.”
The Stripe Connect payment system is used to send money in more than 70 countries, the company said.
The financial technology firm said it plans to add more partners, countries and cryptocurrencies in the future.
For a time Stripe accepted transactions in bitcoin but stopped in 2018, citing concerns about timing and fees.
It has recently changed course, announcing partnerships with crypto exchange platforms FTX and Blockchain.com