Elon Musk Suggests Making Dogecoin a Payment Option for Twitter Blue Service
Tesla and Spacex CEO Elon Musk has suggested making the meme cryptocurrency dogecoin (DOGE) a payment option for the Twitter Blue subscription service. Musk is now Twitter’s biggest shareholder. He recently promised to b...
Tesla and Spacex CEO Elon Musk has suggested making the meme cryptocurrency dogecoin (DOGE) a payment option for the Twitter Blue subscription service. Musk is now Twitter’s biggest shareholder. He recently promised to bring “significant improvement” to Twitter.
Elon Musk, the CEO of Tesla and Spacex, has actively been engaging Twitter’s users regarding potential improvements to the social media platform since he took a 9.2% stake in the company and promised to make “significant improvements” to the platform.
One of the ideas he has been discussing on Twitter concerns the authentication checkmark. Musk suggested that everyone who signs up for the Twitter Blue subscription service and pays $3 a month should get an authentication checkmark.
Replying to a user asking for the fee to be lower in Argentina since an entire family eats for $3 there, the Tesla boss agreed that it “should be proportionate to affordability & in local currency.” In addition, he suggested that one of the payment options could be “to pay in doge.”
Twitter Blue is a monthly subscription service launched in June last year. It is currently available in the U.S., Canada, Australia, and New Zealand. “An active Twitter Blue subscription gives you access to premium features like Undo Tweet,” Twitter explained. Blue subscribers have 20 seconds to edit their tweets before they’re sent.
Regarding the price of Twitter Blue that comes with the authentication checkmark, the Spacex boss clarified: “Price should probably be about $2/month, but paid 12 months upfront & account doesn’t get checkmark for 60 days (watch for CC chargebacks) & suspended with no refund if used for scam/spam.” He noted that if a user cancels the subscription, the checkmark “should go away or scammers will game the system by signing up only for a few months.”
Musk also said that the authentication checkmark “should be different from [a] ‘public figure’ or ‘official account’ checkmark.”
The Tesla CEO’s suggestion about DOGE payments has boosted the price of dogecoin. At the time of his tweet, DOGE was trading at $0.144240. It has risen 8.45% to $0.156430 at the time of writing.
Dogecoin supporters are very happy to hear Musk being supportive of their coin once more, seeing the move as ultra bullish. The Tesla executive is sometimes known in the crypto community as the Dogefather.
Musk previously revealed that he personally owns bitcoin (BTC), ether (ETH), and dogecoin (DOGE), noting that he will not sell any of his coins. Earlier this month, he shared a dogecoin video, stating that it “explains everything.”
He sees bitcoin as more of a store value and dogecoin as the best crypto for transactions. He previously said that dogecoin is the people’s crypto. His electric car company, Tesla, currently accepts the meme cryptocurrency for some merchandise.
Do you think Twitter users should be able to pay for services on the platform with dogecoin? Let us know in the comments section below.
Original source
Read on Bitcoin NewsRelated market context
Elon Musk’s trillionaire status puts his net worth above crypto’s entire market cap outside Bitcoin
Elon Musk has become the first person in modern history to amass a personal net worth exceeding $1 trillion, crossing the historic...
Elon Musk SpaceX AI Predicts Incredible Bitcoin Price For Next 30 Days
Here is the thing about capitulation calls. They only sound smart in hindsight. Right now, with Bitcoin price scraping along the l...
SpaceX to debut on stock exchange, positioning Elon Musk for trillionaire status
SpaceX's IPO could redefine market dynamics, influencing tech investment trends and potentially impacting cryptocurrency market se...
Elon Musk’s SpaceX IPO fever sparks $1 billion crypto bet before Nasdaq debut
Crypto traders have turned Elon Musk’s expected SpaceX listing into a round-the-clock proxy market, pushing more than $1 billion t...
SpaceX IPO set to make Elon Musk a trillionaire and reshape capital flows from crypto to space
SpaceX's IPO could significantly shift investment focus from cryptocurrencies to space exploration, impacting market dynamics and...
Saylor Says 25% of Mag8 Now Holds Bitcoin After Musk’s Historic SpaceX IPO
Michael Saylor congratulated Elon Musk after SpaceX’s historic IPO and said 25% of the Mag8 now holds bitcoin on corporate balance...