April 24, 2025
Blockchain

Elon Musk proposes adding Twitter Blue payment option to Dogecoin

  • April 10, 2022
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Elon Musk proposes to lower the subscription cost excitement blue and let users pay for premium service in Dogecoin (DOGE). Billionaire started A series of tweets announcing that

Elon Musk proposes to lower the subscription cost excitement blue and let users pay for premium service in Dogecoin (DOGE).

Billionaire started A series of tweets announcing that every Twitter Blue subscriber should be given an “authentication checkmark.” He also noted that the platform should stop advertising because it “strengthens the power of companies to dictate the rules.”

A user asked Twitter to implement a regional pricing policy because the $3 subscription fee is too high for some countries.

“Yes, [подписка] must be affordable and in local currency. Maybe we can even add a payment option to DOGE?” Tesla CEO replied.

Follow Blue on Twitter available in the USA, Canada, Australia and New Zealand.

While discussing Musk’s proposals, former Goldman Sachs executive Raoul Pal said that “the only way to run Twitter is to create a token system.”

“People who add value to the network get tokens like Reddit does, and the community decides on accreditation. “The token economy is probably worth 10x the stake as it creates a tangible community or brand presence.”

In response, investor Stephen Cole said Twitter doesn’t need to “reinvent the wheel” because Bitcoin already exists.

“You don’t need all the technical complexity and vague incentives of a new token to fix Twitter. We already have a protocol for money. Use bitcoin with Lightning Network. Kill spam and scams with a registration fee,” he wrote.

Samson Moe, former director of strategic development at Blockstream, expressed a similar sentiment. According to him, payments made through the Lightning Network will also allow account holders to remain anonymous.

Recall that in April Musk bought a 9.2% stake in Twitter for $2.89 billion. Tesla’s chairman became the company’s largest shareholder and became a board member.

Source: Fork Log

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