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.
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.
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.
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