Tesla and Spacex CEO Elon Musk has suggested making the meme cryptocurrency dogecoin (DOGE) a payment option for the Twitter Blue subscription service. Musk is now Twitter’s biggest shareholder. He recently joined the social media giant’s board of directors and promised to bring “significant improvement” to Twitter.
Elon Musk suggests allowing Dogecoin payments
Elon Musk, CEO of Tesla and Spacex, has actively engaged Twitter users about potential improvements to the social media platform since taking a 9.2% stake in the company and joining its board administration. He promised to make “meaningful improvements” to the platform.
One of the ideas he has been discussing on Twitter concerns the authentication checkmark. Musk suggested that everyone who signs up for the Twitter Blue subscription service and pays $3 a month should get an authentication checkmark.
Responding to a user asking for lower fees in Argentina since an entire family eats there for $3, the Tesla boss agreed that this “should be commensurate with affordability and in local currency”. Moreover, he suggested that one of the payment options could be “to pay in Doge”.
Twitter Blue is a monthly subscription service launched in June last year. It is currently available in the U.S., Canada, Australia, and New Zealand. “An active Twitter Blue subscription gives you access to premium features like Undo Tweet,” Twitter explained. Blue subscribers have 20 seconds to edit their tweets before they’re sent.
Regarding the price of Twitter Blue that comes with the authentication tick, the Spacex boss clarified, “The price should probably be around $2/month, but paid 12 months in advance and the account won’t be ticked. for 60 days (watch for CC chargebacks) & suspended without refund if used for scam/spam.” He noted that if a user cancels the subscription, the checkmark “should disappear or the crooks will game the system by getting rid of it. registering only for a few months”.
Musk also said that the authentication checkmark “should be different from [a] ‘public figure’ or ‘official account’ checkmark.”
The Tesla CEO’s suggestion for DOGE payments drove up the price of dogecoin. At the time of his tweet, DOGE was trading at $0.144240. It was up 8.45% to $0.156430 at the time of writing.
Dogecoin supporters are very happy to hear Musk being supportive of their coin once more, seeing the move as ultra bullish. The Tesla executive is sometimes known in the crypto community as the Dogefather.
Musk previously revealed that he personally owns bitcoin (BTC), ether (ETH) and dogecoin (DOGE), noting that he will not be selling any of his coins. Earlier this month, he shared a dogecoin video, stating that it “explains everything”.
He sees bitcoin as more of a store value and dogecoin as the best crypto for transactions. He previously said that dogecoin is the people’s crypto. His electric car company, Tesla, currently accepts the meme cryptocurrency for some merchandise.
