Financial Internet in Infancy and Steemit is in the Forefront.

Olga Kharif reporting in Bloomberg.

Websites That Pay Users With Blockchain Aim to Disrupt Facebook.

Social media site giants facebook, twitter and the likes do not reward the content creators and users. They keep all the money to themselves, but the new kids on the block steemit and the likes share their wealth with the content creators and users.

The author says "the so-called financial internet stands the Facebook business model on its head. With Facebook, users post content on the site and the company collects the money -- last year, $41 billion in revenue. On Steemit, the money goes in the other direction."

Susan Eustis, CEO of WinterGreen Research informed that "this new financial Internet is still in its infancy. It pays users a total of $3.5 million, but within two years, users could be paid $50 million a year and the market could expand to $180 million in five years."

Tim Draper, one of the world’s biggest investors in digital money, said that tokens and cryptocurrencies will grab 33 percent of all commerce in the next 10 years. Sites such as Facebook and Twitter could benefit immediately by allowing users to tip content providers in Bitcoin.

Content source credit: https://www.bloomberg.com/news/articles/2018-02-27/websites-using-blockchain-to-pay-users-aim-to-disrupt-facebook