The National Payments Corporation of India (NPCI) CEO Dilip Asbe pitches the UPI AutoPay feature for recurring payments after Elon Musk decides to charge $8 per month for the Twitter Blue subscription. However, Twitter users still criticize Elon Musk to charge for the “blue checkmark” and propose to avoid adding it with a Twitter Blue subscription.
Elon Musk dropped the Twitter Blue subscription cost from $20 to $8 per month after many criticized Elon Musk for keeping high subscription costs. Elon Musk on November 2 tweeted that users can continue complaining, but he can’t lower the charges further due to revenue and spam handling reasons.
NCPI CEO Dilip Asbe commented on Elon Musk’s tweet marketing India’s UPI AutoPay which can manage monthly, quarterly, or yearly recurring payments. He also revealed that UPI’s recurring payments feature already has 7 million users.
“No worries, India has UPI AutoPay (7 Mn new approved collection mandates/month) to collect every anytime/month/quarter or yearly as you wish dear Twitter.”
However, the $8 per month for Twitter Blue is for U.S. customers. The price in other countries will be adjusted based on purchasing power parity.
MicroStrategy’s Michael Saylor, Binance CEO “CZ”, veteran analyst Peter Brandt, and other popular crypto figures support Elon Musk’s decision to solve the bots issue with the $8 cost for a Blue subscription. Paid Blue accounts will be suspended if they engage in spam or scam.
While Elon Musk is busy handling complaints regarding Twitter Blue and other features, the crypto community actively awaits Dogecoin support on the social media platform.
Musk hints at working with developers to integrate Dogecoin on Twitter. He also influenced the Dogecoin price movement earlier by sharing an image of a dog dressed in a Twitter logo shirt.
Meanwhile, the U.S. Treasury looks to investigate Elon Musk’s Twitter acquisition due to the involvement of non-U.S. entities in the Twitter deal.
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