The Dogecoin community has high hopes for DOGE's potential application as a method of payment for subscription services like Twitter. Following Musk's official takeover of Twitter in the previous few days, the memecoin experienced tremendous growth. Last week, a rise spread over the whole cryptocurrency market. Elon Musk wanted to incorporate the memecoin into Tesla payments and has always been a strong backer of the DOGE project. The Tesla CEO announced in May of this year that customers would soon be able to purchase Tesla goods using Dogecoin.
Method for services like Twitter subscription services and other things.
The Dogecoin community has high hopes for DOGE's potential application as a method of payment for subscription services like Twitter. Following Musk's official takeover of Twitter in the previous few days, the memecoin experienced tremendous growth. Last week, a rise spread over the whole cryptocurrency market. Elon Musk wanted to incorporate the memecoin into Tesla payments and has always been a strong backer of the DOGE project. The Tesla CEO announced in May of this year that customers would soon be able to purchase Tesla goods using Dogecoin.
Twitter Subscription Paid for with DOGEs?
The microblogging platform is attacked for the trolls and bots that are rife there, which Musk is working to stop. According to reports, Musk wants to charge $20 per month for the Blue Twitter verification mark. There don't seem to be many people who are unwilling to pay for the Blue verification mark, though. The implementation of a subscription fee on Twitter, according to American author Walter Isaacson, might address a number of problems in this regard.
Not A Problem With Content Moderation
He claimed that by making the change, there might be fewer bots and trolls on the social media site. The author told CNBC that Twitter might develop into a more trustworthy and civil forum. The economic strategy, not the content control, is Musk's bigger problem, according to Isaacson. He went on to say that the issue is how to create a business strategy that genuinely succeeds on Twitter. Musk has been vocal in recent months about the need to address Twitter's content moderation problem, with an emphasis on the Twitter bots. The author recalls that Musk had previously discussed ideas for Twitter to generate subscriber revenue. Once user authentication is in place and a sizable portion of people have subscribed, there are far fewer trolls and bots, and the material flow is a little bit more reliable and respectful.
As of this writing, the price of DOGE is $0.12613, up 7.1% over the previous day, according to market monitoring site CoinGabbar.
