SHIFT · US
X replaces Stripe with proprietary X Money for US creator payouts
X (formerly Twitter) migrated all US creator payouts from Stripe to its own X Money payments service. Creators now receive funds via X's internal rails rather than third-party processor. Expands fintech capabilities for social platforms; signals vertically integrated payment networks.
WHY IT MATTERS
Social platforms and marketplaces building in-house payment infrastructure accelerate shift away from traditional processors. BFSI competitors face margin pressure and customer churn as platforms own payout rails; regulatory arbitrage risk rises as platforms operate payment services without full banking oversight.
Source: PYMNTS · 2026-09-02