Paid: X Money payments are currently suspended

BlockBeats news, September 28: Paid officially announced that X Money payments are currently suspended, and the team is working to resolve the related payment issues. Existing balances remain safe, and fees will continue to accrue. Before full payment services are restored, an online application platform will soon be provided as a temporary solution, with a commitment to getting payment functionality back up and running as soon as possible.

Paid's recently launched feature allowing permissionless sharing of token fees to X Money accounts has recently sparked heated discussion in the community. The official statement said that 80% of fees will be sent to X users via X Money, and 20% will be converted to SOL for buying back PAID tokens. Issuers can add an X Handle to the project text description to send fees through X Money. Celebrities on X do not even need to register for Paid or give consent to receive fund distributions through X Money. Some celebrities have even joked that their X Money accounts have suffered DDOS attacks due to frequently receiving notifications of fee-sharing deposits.