- The streaming giant YouTube is expanding its fact-checking function in the United States to reduce crypto scams on the platform.
- YouTube will expand its sources of authority to verify information on the platform.
YouTube has announced the expansion of its data verification function for the United States. In a blog post, the platform highlighted the importance of receiving verified and accurate information when major events take place. YouTube is using the extension of the COVID-19 pandemic as an example. When such events occur, false information can endanger the lives of many people.
In the crypto space, the platform has been criticized for “allowing and profiting” from scams that use false information to defraud users and steal their money in Bitcoin, Ethereum, Cardano and XRP. The expansion of the feature could help to defuse this situation. With this in mind, the fact checking and verification panel will be extended. Furthermore, YouTube will increase the requirements on the entire platform.
Launched in 2019 in Brazil and India, the fact checking feature changes the way users interact with information on YouTube. For that reason, the “Breaking News” sections and the information that appear on YouTube’s homepage have to have source links that support the video’s content, according to the announcement:
Our fact check information panels provide fresh context in these situations by highlighting relevant, third-party fact-checked articles above search results for relevant queries, so that our viewers can make their own informed decision about claims made in the news.
Users can also view other articles, studies and other sources of information that will allow them to access more information about a particular event. However, if a user performs a more general search, the feature may be disabled.
Over a dozen U.S. publishers are participating today, including The Dispatch, FactCheck.org, PolitiFact and The Washington Post Fact Checker, and we encourage more publishers and fact checkers to explore using ClaimReview. In addition to this roll out, YouTube will provide $1M through the Google News Initiative to the IFCN to bolster fact-checking and verification efforts across the world.
Ripple’s CEO and its lawsuit against YouTube
The announcement of the expansion of the aforementioned feature is announced almost a week after Ripple’s CEO and the company filed a lawsuit against the streaming platform. As reported by CNF, the lawsuit was filed several days ago by Ripple Labs and its CEO, Brad Garlinghouse. Ripple argues that the streaming platform has not addressed scams related to Ripple’s token, XRP, which uses the image of well-known crypto-space personalities such as Garlinghouse and the co-founder of the Ethereum, Vitalik Buterin.
The feature introduced by YouTube could be useful in reducing access to false information and crypto related scams, however, these types of criminal activities are not mentioned in the announcement. In addition, as mentioned, the data verification feature becomes less effective when a user searches for general terms such as Bitcoin or Ripple CEO. Nevertheless, YouTube claims to be committed to protecting its users:
We are committed to our responsibility to protect the YouTube community, and expanding our fact check information panels is one of the many steps we are taking to raise up authoritative sources, provide relevant and authoritative context to our users, and continue to reduce the spread of harmful misinformation on YouTube.
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