Elon Musk considers Dogecoin payment for Twitter Blue

Dogecoin latest news show the possibility of Dogecoin integration to Twitter blue thanks to Elon Musk. Elon Musk tweet about Dogecoin is one of the many factors that made DOGE take a sudden upwards trajectory last week. Tesla Cyber Rodeo event featured a drone show that hints at a possible payment option to purchase Tesla EVs with the meme coin.

On April 7, Tesla formally welcomed customers to its Giga Texas facility in Austin, Texas. The Cyber Rodeo included a slew of Tesla C.E.O Elon Musk’s announcements, including introducing a beta version of the self-driving vehicle package and a new Tesla model: “a dedicated Robo-taxi, that’s gonna look quite futuristic.” He also gave a timeline on their humanoid robot Tesla Optimus.

However, the memes will most likely be remembered from the event. Elon Musk’s ludicrous cowboy hat to an ad with a Cybertruck armored glass breaking-albeit Elon claiming it is unbreakable, followed by a huge drone light picture demonstrating Dogecoin are just a few of them. It was a seven-and-a-half minute drone show featuring a sequence of images after which an image depicting DOGE appears, sending crypto enthusiasts into a frenzy.

But there’s more. After the DOGE picture, another one with a hedgehog that said “haha yes” appeared. Tesla shows “Haha Yes” during payment confirmation on its website when a customer buys an EV. This might imply that the electric car manufacturer may expand payment options and may accept DOGE. The coin rose by over 7% in less than an hour after the little video aired on April 7. Elon Musk has been arguing for Dogecoin transactions after his ties with energy-draining currencies like Bitcoin have soured. Tesla began taking DOGE in January for merch sales.

Elon Musk tweet about Dogecoin

Elon Musk recently bought a large stake in Twitter, promising changes to restore the social networking platform’s democracy. Apart from proposing numerous other tweaks to Twitter, including reducing the price of its Blue premium subscription service, and the addition of the edit button, Musk also wants users to be able to pay for subscriptions using Dogecoin.

Elon Musk tweet about Dogecoin mentioned that he wants users to have the option to pay for subscriptions using Dogecoin. It might stay as an idea, due to the fact that Mr. Musk refused to join Twitter’s board recently. Twitter Blue is the company’s first subscription service, launched in 2021. It provides exclusive access to premium features on a monthly basis for $2.99. According to Musk, the standard subscription fee of $2.99 is far too expensive and should be reduced drastically.

Maybe even an option to pay in Doge?

— Elon Musk (@elonmusk) April 10, 2022

Despite the recent fakeout, which saw DOGE reverse last week’s gains, traders are optimistic that the prospect of Twitter integrating Dogecoin will restrict the price to new highs.

Did Elon Musk buy Twitter?

Elon Musk disclosed earlier last week that he has a 9.2% stake in Twitter and added he also joined Twitter’s board of directors. This news from the company on the Twitter edit button comes a day after Mr. Musk held a poll on his Twitter page if his followers wanted an edit button. So the short answer is no, Elon Musk does not own Twitter, even though he is the company’s largest shareholder. Earlier on Tuesday, he tweeted, “Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!” Elon Musk tweet about Dogecoin comes after his recent announcement of the news of him not joining Twitter’s board.

Dogecoin (DOGE) price

From bottoming out at $0.11 in mid-March, the price has rallied and is now printing new highs after breaching a falling wedge’s upper trend line at $0.123. With all that is going on covered in this article, it was expected that DOGE would rise. At the time of writing, Dogecoin is valued at $0.1440 according to TradingView.