Just In: Dogecoin (DOGE) Rallies With News Of Twitter Payments Move

Dogecoin (DOGE) Twitter: Dogecoin (DOGE) price saw an instant rise with the news of Twitter’s apparent move to introduce payments. Latest reports suggest Twitter began applying for regulatory licenses across the US for such a move. Once approved, the social networking platform could introduce payments, potentially opening doors for DOGE based payments. The crypto community has always believed Elon Musk would eventually introduce crypto based payments feature on the platform.
Also Read: Terra Classic Community Burns 210 Million LUNC Tokens In January
Ever since Musk took over Twitter in October 2022, the Dogecoin community was bullish over the memecoin’s prospects. In fact, DOGE saw a massive bullish momentum up to few weeks from Musk’s purchase of the platform. At one point of time, DOGE price went by as much as 100% post Musk’s Twitter takeover. As of writing, the memecoin‘s price stands at $0.08908, down 0.53% in the last 24 hours. After taking a 5% surge after the news came out, the cryptocurrency took some correction.
Twitter Payments Soon?
The latest move comes only as an extension of Musk’s resolve to increase Twitter’s revenue. Besides applying for regulatory licenses, it is reported that Twitter is preparing the digital infrastructure to launch the payments feature. Therefore, subject to regulatory scrutiny, the platform is all but certain to introduce payments, leaving a lot of scope for the mode and type of payment methods. It is widely known that Musk is a big supporter of meme coin DOGE, which led to huge speculation around the combination.
According to a Financial Times report, a small team under Esther Crawford, Director of Product Management, at the company is already involved in making the payments feature work for the platform. Musk had in the past expressed interest in launching peer-to-peer transactions, savings accounts and debit cards at Twitter.
Also Read: Cardano (ADA) Valentine’s Day Gift: What Will The Upgrade Offer?
- FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading
- Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000
- Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand
- Citigroup Predicts Bitcoin Could Climb to $231,000 in 12 Months
- Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns