Tesla and Spacex CEO Elon Musk suggests making Dogecoin a Payment Option for Twitter Blue Service
On Saturday Tesla
and SpaceX CEO, Elon Musk who is also Twitter’s biggest shareholder promised
to bring significant improvement to Twitter. He suggested several changes to
the social media company's Twitter Blue premium subscription service which
include making the meme cryptocurrency dogecoin (DOGE) a payment option for
the Twitter Blue subscription service along with slashing its price and banning
Twitter’s newest board member Elon Musk took a 9.2% stake in the company. He has been discussing many ideas on Twitter including the authentication checkmark. Musk proposed that everyone who subscribes to Twitter Blue for $3 a month should receive a checkmark for authentication. Several changes to the social media company's Twitter Blue premium subscription service were suggested by him including slashing its price, banning advertising, and giving an option to pay in the cryptocurrency Dogecoin. Twitter didn’t make any comment on Musk's suggestions.
Last year in June Twitter Blue launched which is Twitter's first subscription service and offers exclusive access to premium features on a monthly subscription basis. Currently, it is available in the U.S., Canada, Australia, and New Zealand. The premium features that an active Twitter Blue subscription may get include Undo Tweet. Before Blue subscribers can send, they have 20 seconds to edit their tweets.
Last year Twitter said that it planned to support authentication for NFTs, or non-fungible tokens, which are digital assets such as images or videos that exist on a blockchain. On his Twitter account Musk also started a poll that has more than 81 million followers asking whether the firm's San Francisco headquarters should be converted to a homeless shelter as "no one shows up. In an hour, the poll got more than 300,000 votes with more than 90 percent answering yes.
Replying to a user asking for the fee to be lower in Argentina as 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.”
CBW - External Analyst