Elon Musk Hints at Possible Dogecoin Payment Option on Twitter

According to recent updates, Elon Musk has reached a definitive agreement with Twitter to buy the social media platform for $44 billion. It was revealed that Elon Musk owns at least a 9% share of Twitter.

After reaching a definitive agreement with Twitter, Elon Musk has hinted at the possible changes he could introduce after completing the buying process. Most of them deal with new features like removing ads, eliminating hate speech, and making algorithms public to gain more trust from their users.

Another feature that could be integrated with Twitter is the acceptance of Dogecoin to purchase a premium subscription to Twitter.

Changes That Can Make Their Way Into Twitter

Elon Musk has committed to introducing more attractive features once he has successfully bought the platform for approximately $44 billion. He recently reached a definitive agreement with the board of the social media company, giving hope to the community that it could vastly improve after the execution of the definitive agreement.

He had once tweeted that free speech was the bedrock of all the democracies, and Twitter was the virtual town square where important matters were brought to the notice for discussion. In other words, all the changes that happen could be very well directed to ensure that Twitter facilitates a more open discussion with less policing control.

Long-form tweets could soon be a reality. They have been in demand for a long time, with users looking for more space to share their thoughts instead of creating a long thread. Termed as a long-overdue change, Elon Musk could look to offer a higher number of characters for users to write their thoughts.

A tweet published by Elon Musk reads that it was his most immediate takeaway that Twitter was way overdue for long-form tweets.

Twitter could be heading towards having an edit button for users to modify or edit their already published tweets on the internet. When Musk first bought more than 9% of the company, he put out a yes-or-no poll for the edit button, cleverly misspelling the options as “yse” and “on” – alluding to users’ inability to edit errors once tweets are published.

The poll received a tremendous response, with ‘yse’ gaining 73.6% of votes in its favor.

Jack Sullivan, the Head of Consumer Product at Twitter, acknowledged that it has been receiving the request for a long time, with Twitter exploring ways to develop it in the most secure manner possible. Jack Sullivan added that Twitter plans to begin testing the edit option with TwitterBlue Labs in the coming months.

If the bid succeeds, we will defeat the spam bots or die trying. Elon Musk was heard quoting this through his official Twitter account. The tweet hints that he would eventually attempt to get rid of all the spambots that have been bothering the users of Twitter.

A method suggested by Elon Musk is including the authentication checkmark as a feature of the premium subscription of Twitter Blue. This is expected to increase the pool of verified user accounts while discouraging the constant rise of spambot accounts.

There could be the acceptance of Dogecoin as a payment option to buy the premium subscription of Twitter. Elon Musk urged that the premium subscription is in proportion to everyone’s affordability while accepting payments in local currencies.

He added that Dogecoin could also be an option for payment.

Jack Dorsey, the former Chief Executive Officer of Twitter, has praised Elon Musk’s purchase of Twitter, saying that Elon Musk’s goal of creating a maximally trusted and broadly inclusive platform was the right one.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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