Dogecoin Payments to Receive the “Green Light” on Twitter
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In a major move that has the crypto world buzzing, Twitter has reportedly begun applying for regulatory licenses across the United States for the introduction of Dogecoin and crypto payments on its platform.
The social media giant, which was taken over by Elon Musk in October 2022, is said to be preparing the digital infrastructure to launch the feature. The news has caused a surge in Dogecoin (DOGE) prices, with many speculating that the meme coin could be a preferred payment method.
📈#Twitter is planning to introduce payments on its platform as part of CEO Elon #Musk's goal to create a "one-stop-shop" everything app.#Dogecoin saw its price increase by more than 7% after the announcement was made as speculation mounts around the #memecoin. pic.twitter.com/QNcDOUAi1X
— Satoshi Club (@esatoshiclub) January 30, 2023
Dogecoin Community Bullish on Musk’s Twitter Takeover
Ever since Elon Musk’s acquisition of Twitter, the Dogecoin community has been bullish about the prospects of the meme coin. In fact, DOGE saw a massive surge in prices, reaching an all-time high just a few weeks after the takeover. However, as the broader market loses steam, the meme coin has experienced some correction.
Twitter’s Aim to Increase Revenue
Twitter’s latest move to introduce payments is seen as an extension of Musk’s resolve to increase the platform’s revenue. With a small team already working on the payments feature, subject to regulatory approval, Twitter is expected to launch the feature soon, leaving a lot of scope for the mode and type of payment methods.
Musk has previously expressed his interest in launching peer-to-peer transactions, savings accounts, and debit cards on Twitter. As a big supporter of Dogecoin, the combination of Twitter and the meme coin has caused speculation in the crypto world. With Twitter potentially opening its doors to DOGE-based payments, the future looks bright for the meme coin.
The news of Twitter’s move to introduce payments has caused a surge in Dogecoin prices, and the crypto community is eagerly waiting for regulatory approval. With Elon Musk at the helm and a small team already working on the payments feature, Twitter’s introduction of cryptocurrency-based payments could be a game-changer in the world of finance.
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