Just last week, Tesla CEO and founder of SpaceX Elon Musk purchased a 9.2% stake in Twitter as the social media platform explores the possibilities of decentralization.
The eccentric centibillionaire is hell-bent on making Twitter better in the coming months. And being a big supporter of the Dogecoin community, one of the changes that Musk considers introducing is DOGE payments for Twitter Blue premium subscriptions.
Musk Teases Dogecoin Payments For Twitter Blue
Twitter Blue is the social media behemoth’s premium subscription service that was launched last June for users willing to pay for access to special features such as the Undo Tweet feature — which lets subscribers delete or change their tweets before its posted — and customized Twitter icons.
As now Twitter’s largest individual shareholder, Musk shared a raft of changes to the company’s subscription service in a tweet thread on Saturday. Firstly, he suggested that authentication checkmarks should be given to anyone who signs up for the service, and they should be different from the verification of official accounts or public figures.
Musk also suggested that there should be no ads and the subscription price be reduced. “Price should probably be ~$2/month, but paid 12 months upfront & account doesn’t get a checkmark for 60 days (watch for CC chargebacks) & suspended with no refund if used for scam/spam,” he said.
Musk’s Stake In Twitter Is Dogecoin’s Gain
Musk further proposed the option of paying for Twitter Blue subscriptions with his favorite crypto asset, Dogecoin.
Besides posting polls and commentaries on how to improve Twitter in the past, the automobile heavyweight has a reputation for posting memes that endorse Dogecoin, subsequently pushing the price of the token upward.
Notably, Musk’s DOGE involvement goes beyond fun posting. He has actually been working with Dogecoin developers to improve the network since 2019. Last May, Musk revealed that the key goal was to “improve system transaction efficiency,” adding that the development was “potentially promising” and could help dogecoin supplant bitcoin.
On Friday, Musk boosted the price of DOGE after sending a Shiba Inu mascot up in the dark sky using drones during the star-studded launch of the most recent Gigafactory of Tesla in Texas. Moreover, he announced that the EV maker is set to create futuristic charging stations where customers will be able to pay in the Dogecoin cryptocurrency.
Now being the largest individual owner of Twitter shares, Musk is likely to push for more DOGE integration on the social media platform.
Dogecoin has been advancing in recent days on the back of Musk/Twitter-related news. The cryptocurrency is trading at $0.14 as of publication time.