Twitter Payments Move Boosts Dogecoin (DOGE).
Memecoin Dogecoin's (DOGE) value rose after Elon Musk announced Twitter payments.
After Musk took over Twitter in October 2022, the Dogecoin community has been enthusiastic. DOGE was bullish until a few weeks after Musk bought the site.
plans to establish payments on Twitter, Memecoin Dogecoin's (DOGE)
Following the revelation of Elon Musk's
The rumour that Twitter may be introducing payments caused the price of Dogecoin (DOGE) to immediately increase. According to recent reports, Twitter has reportedly started to file for regulatory licences across the US for such a move. Once accepted, the social networking site might start accepting payments, perhaps paving the way for DOGE-based transactions. The cryptocurrency community has always anticipated Elon Musk will ultimately add a platform feature that would allow for crypto-based payments.
The Dogecoin community has been optimistic about the future of the memecoin ever after Musk seized control of Twitter in October 2022. In reality, DOGE saw a tremendous bullish momentum up until a few weeks after Musk bought the platform. After Musk took control of Twitter, the price of DOGE once decreased by as much as 100%. Memecoin is currently trading at $0.08908, a decrease of 0.53% over the previous day. The cryptocurrency saw a reversal after experiencing a 5% gain after the news broke.
Coming Soon on Twitter
The most recent action is merely a continuation of Musk's commitment to boosting Twitter's income. The digital infrastructure needed to introduce the payments feature is reportedly being prepared by Twitter in addition to applications for regulatory licencing. The platform will very certainly introduce payments as a result, subject to regulatory review, giving a lot of flexibility for the manner and kind of payment options. Due to the fact that Musk is well-known for supporting the meme coin DOGE, there has been a lot of conjecture surrounding the pairing.
A tiny team at the company is reportedly already working on making the platform's payments feature function under the direction of Esther Crawford, Director of Product Management, according to a Financial Times report. In the past, Musk had stated his desire for Twitter to introduce peer-to-peer transactions, savings accounts, and debit cards.
