September 29, 2022

Elon Musk proposes adding Twitter Blue payment option to Dogecoin


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Elon Musk proposed lowering the cost of a Twitter Blue subscription and allowing users to pay for a premium service in Dogecoin (DOGE).

The billionaire began a series of tweets by stating the need to give every Twitter Blue subscriber an “authentication checkmark.” He also noted that the platform should stop advertising, as it “reinforces the power of corporations to dictate the rules.”

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

The Twitter Blue subscription is available in the US, Canada, Australia and New Zealand.

Amid Musk’s proposals being discussed, former Goldman Sachs executive Raoul Pal said that “the only way to make Twitter work is to create a token system.”

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

Former director of strategic development at Blockstream, Samson Moe, expressed a similar sentiment. According to him, payments 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. The head of Tesla became the largest shareholder of the company and became a member of its board of directors.

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