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?
- Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple
- How the Crypto Market Could React to the Next Fed Meeting on October 29?
- $1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP
- Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions
- Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
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.
