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 the largest shareholder of Twitter. He recently joined the social media giant’s board of directors and promised to bring “significant improvements” to Twitter.
Elon Musk suggests allowing payments in Dogecoin
Tesla and SpaceX CEO Elon Musk has been actively engaging Twitter users about potential improvements to the social media platform as he took a 9.2% stake in the company and joined its board of directors. He has promised to make “significant improvements” to the platform.
One of the ideas he’s been discussing on Twitter pertains to the authentication checkmark. Musk suggested that everyone who signs up for the Twitter Blue subscription service and pays $3 per month should get the certification checkmark.
Responding to a user in Argentina asking for the fee to be reduced, because a whole family can account there for $3, the Tesla boss agreed that it should be “proportionate to capacity and in the local currency.” Furthermore, he suggested that one of the payment options could be “paying in the dog”.
Twitter Blue is a monthly subscription service that was launched in June last year. It is currently available in the US, Canada, Australia and New Zealand. “An active Twitter Blue subscription gives you access to premium features like undoing tweets,” Twitter explained. Blue subscribers have 20 seconds to edit their Tweets before they are sent.
Regarding the price of Twitter Blue that comes with the certification checkmark, the SpaceX boss clarified: “Price should be around $2/month, but paid 12 months ago and the account didn’t receive the checkmark for 60 days (CC Chargeback) watch for) and if used for scam/spam then suspended without any refund.” He notes that if a user unsubscribes, the checkmark “should go away or scammers will only play the system by signing up for a few months.”
Musk also said that the certification checkmark “should be separate from” [a] ‘Public Person’ or ‘Official Account’ checkmark.”
Tesla CEO’s suggestion about DOGE payments has pushed the price of Dogecoin up. At the time of his tweet, DOGE was trading at $0.144240. At the time of writing, it is up 8.45% to $0.156430.
Dogecoin supporters are overjoyed to see this move as ultra bullish, with Musk backing their coin once again. The Tesla executive is sometimes referred to as the dogfather in the crypto community.
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, saying it “explains everything.”
He sees Bitcoin as a store of value and Dogecoin as the best crypto for transactions. He previously said that Dogecoin is the people’s cryptocurrency. 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 with Dogecoin on the platform? Let us know in the comments section below.
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