
Elon Musk (Spacex CEO) suggested that Tesla’s meme currency dogecoin (DOGE), be made a payment option in order to receive the Twitter Blue subscription. Musk is now Twitter’s biggest shareholder. He recently joined the social media giant’s board of directors and promised to bring “significant improvement” to Twitter.
Elon Musk Suggestions Dogecoin Payments
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 joined its board of directors. He has promised to make “significant improvements” to the platform.
The authentication checkmark is one of his ideas that he discussed over Twitter. Musk proposed that anyone who subscribes to Twitter Blue and spends $3 per month for it should receive an authentication mark.
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, a monthly subscription service that was launched last June, is available in the United States. It’s currently available in Canada, Australia, New Zealand, the U.S. and Canada. “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. DOGE traded at $0.144240 as of the tweet. At the time of writing, it has increased 8.45% to $0.156430
Dogecoin fans are delighted to see Musk once again supporting their cryptocurrency, and consider the move ultra bullish. Sometimes, the Tesla executive is known as the Dogefather in crypto.
Musk has previously stated that he owns Bitcoin (BTC), Ethereum (ETH) and Dogecoin(DOGE) but that he won’t sell any of them. Earlier this month, he shared a dogecoin video, stating that it “explains everything.”
Bitcoin is more of a store-value and dogecoin the best cryptocurrency for transactions. He previously said that dogecoin is the people’s crypto. Tesla’s electric car company currently takes the meme cryptocurrency as a payment for certain merchandise.
Are you a Twitter user who thinks that users should have the ability to use dogecoin to purchase services? Comment below to let us know your thoughts.
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