Elon Musk Proposes DOGE as Payment Mode for Twitter Blue Services 4i2x4p Technology News

Musk has proposed that each Twitter Blue must get an authentication checkmark to distinguish them from bots. 5s4y8

By Radhika Parashar | Updated: 11 April 2022 14:03 IST

Elon Musk Proposes DOGE as Payment Mode for Twitter Blue Services

Photo Credit: Reuters 3v6d2p

Elon Musk purchased a 9.2 percent stake in Twitter last week

Highlights

Elon Musk may tweak service charges or payment modes for Twitter Blue
Elon Musk may add verification check for Twitter Blue s
DOGE, as per Musk, is a good altcoin for day-to-day uses

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Elon Musk has pitched his favourite cryptocurrency, the Dogecoin, as a payment option for s seeking to avail Twitter Blue services. Musk was replying to a Twitter from Argentina, who said Twitter Blue's current subscription of $3 (roughly Rs. 230) is as high as the cost of feeding a family in Argentina. The development comes just days after the Tesla CEO purchased a 9.2 percent stake in Twitter, making him the largest shareholder in the company.

Launched in June last year, edit tweets within a 20-second time frame, and undo a tweet altogether among other features.

Musk has been polling his 81.3 million followers on updates they wish to see on Twitter. As part one such discussions, Musk tweeted that everybody who pays for special services offered by Twitter Blue must get an authentication checkmark, different from “public figure” and “official ” checkmarks to side-line bots.

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On the same thread, the SpaceX CEO said Twitter Blue fees should be proportionate to affordability in local currency — proposing DOGE as an option.

Maybe even an option to pay in Doge?
— Elon Musk (@elonmusk) April 10, 2022

Musk touted Dogecoin as cryptocurrency owners in the US own DOGE assets.

The tech mogul believes that DOGE makes for a solid choice for paying for goods and services using cryptocurrencies.

Elon Musk Decides Not to Twitter Board, CEO Parag Agrawal Reveals

Scoring big on the affordability meter, each DOGE token is priced $0.15 (roughly Rs. 11) as per Gadgets 360's crypto price tracker, which makes it more buyable and usable for small investors.

“Even though it was created as a silly joke, said in December 2021.

For now, it remains unclear if DOGE will become a payment option for Twitter Blue services or not.

Meanwhile, Musk has decided not to Twitter's board of directors, despite being its largest stakeholder.

"I believe this is for the best. We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input," Twitter CEO Parag Agrawal said.

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Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More