Tesla’s CEO wants to remain ready to adopt Cryptocurrencies & blockchain technology-based payment services on the Twitter platform in advance.
Elon Musk is the CEO of many high-tech companies like SpaceX, and Tesla. Now Musk is also the owner & CEO of the giant social media platform Twitter. In Q4 2022, Musk acquired Twitter as a private company. Musk aims to make Twitter a free speech platform. As Musk is a fan of Dogecoin & holder of Bitcoin & Ethereum, so people also believe that Twitter will consider Crypto payment services in its inbuilt system.
On 30 Jan 2023, Financial Times reported that two people close to the Twitter company disclosed that Twitter engineers are working to introduce the fiat payment system in near future but at the same time, they will add technical support for the crypto payment support.
Initially, when Musk completed the Twitter purchase deal then he confirmed that he will make Twitter more likely to X, an old payment company that was founded by Musk that later turned into PayPato after merge with another other company.
Doge price action
As we know that Musk is a very big fan of Dogecoin, so it was obvious for the Dogecoin community to see this news as a bullish sentiment for doge.
This news pumped the price of Dogecoin by 6.37%. The current trade price of Dogecoin is $0.09375 and this price is 34.77% high over the last 30 days of trade price.
Reportedly Dogecoin project team also working with Starlink, a subsidiary of SpaceX, to make the Dogecoin payments via satellite internet services and also via the use of the Radio network.
Initially, in 2021, Musk announced that he will launch the Doge-1 satellite, and the funding for that project will be in Dogecoin. So far to this date Dogecoin Community waiting for that satellite launch.