Elon Musk teases Dogecoin payment option on Twitter

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April 10, 2022 by Lipika Deka

Ever since Dogecoin’s evangelist, Elon Musk became Twitter’s largest shareholder, the tech billionaire posted ideas, sought opinions, and conducted poll surveys all of which aimed at revamping the platform. One which rightfully stood out is the proposal to add DOGE as a payment option, sending the crypto community into a tizzy.

Musk, a well-known backer of the meme coin, managed to pump the DOGE price for a brief period of time by featuring Dogecoin’s Shiba Inu dog mascot in the “Cyber Rodeo” event during the launch of Tesla’s new gigafactory.

In addition to that, he said that Tesla is working on futuristic charging stations where users can pay in DOGE. Musk’s support helped the asset to reach among the coveted top ten largest digital assets by market cap.

The billionaire CEO of Tesla and SpaceX who now owns 9.2% of Twitter is a prolific Twitter user and has a magnetic effect on markets through his tweets. On 5th April, Elon Musk was appointed to Twitter’s board of directors and said he looks forward to working with the board to make “significant improvements to Twitter in the coming months.”

Elon Musk on his mission to “shake things up”
Musk, on Sunday, focused his attention on the social media giant’s first subscription service Twitter Blue. He suggested that the platform’s subscribers deserve an “authentication checkmark”, and a host of other features and perks, including bookmark folders, undo tweet option, and reader mode, among others.

In a series of tweets on 9 April, Elon Musk suggested there should be no ads and that the subscription price should be affordable.

Just like Twitter announced its ETH tipping feature on the platform, Dogecoin’s founder Billy Markus also called for a similar feature for DOGE a few months back. Now after Musk hinted at a possible integration, Markus rallied behind the proposal saying that “this is good for dogecoin” in his tweet.

Many in the Doge Army is expectedly waiting for Musk to finally add the coin to Twitter as a tipping feature or integrate the cryptocurrency in some way or the other. With Musk now on board, this looks very much possible.

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