DOGE Enabled Twitter Subscription To Be Elon Musk’s Game Changer?
The Dogecoin community is bullish on the potential usage of DOGE for payments in services like Twitter subscription services. The memecoin saw huge growth in the last few days following the official takeover of Twitter by Musk. In a ripple effect, the entire crypto market witnessed a rally last week. Elon Musk has always been a huge supporter of the DOGE project and tried to integrate the memecoin in Tesla payments. In May this year, the Tesla CEO said customers would now be able to buy Tesla merchandise with Dogecoin.
Twitter Subscription Through DOGE Based Payments?
The microblogging is site is criticized for the rampant presence of trolls and bots, which Musk is trying to eradicate. Reports suggested that Musk is planning to charge $20 per month for the Blue verification mark on Twitter. However, it appears that not many people are unwilling to pay for the Blue verification mark. In this context, Walter Isaacson, an American author, said the introduction of subscription fee on Twitter could solve many issues.
‘Not A Content Moderation Problem’
He said the move could result in lesser number of bots and trolls on the social media platform. Speaking to CNBC, the author Twitter could turn into a more civil and reliable platform. Musk’s bigger issue, Isaacson said, is not the content moderation but the business model. It is a question of how do you do a business model that actually works on Twitter, he added. Over the past few months, Musk has been vocal about the need to resolve Twitter’s content moderation issue, with focus on the Twitter bots. The author recalled that Musk previously talked about ways to have a subscribe revenue for Twitter.
“Once you get to user verification and a large amount of users are paying some subscription fee you have fewer trolls, much fewer bots and a content flow that is a little bit more civil and reliable.”
As of writing, DOGE price stands at $0.1213, down 1.53% in the last 24 hours, according to price tracking platform CoinMarketCap.
- Fed’s Goolsbee Cites Inflation Worries in Case Against Further Rate Cuts
- David Schwartz To Step Down as Ripple CTO, Delivers Heartfelt Message to XRP Community
- Michael Saylor Reveals Strategy’s Endgame To Accumulate $1 Trillion Bitcoin For Its Treasury
- CZ Hints at ‘Uptober’ Bitcoin Rally Following Green September
- BlackRock Now Holds 3.8% of Bitcoin Supply; Bloomberg Analyst Explains Why It’s ‘Extraordinary’
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M
- Ethereum Price Eyes $8,600 As Institutions And Whales Double Down
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
