Elon Musk Shares Twitter’s Upcoming Plans; this is where the use of DOGE begins

In a Wednesday meeting on Spaces, Twitter’s live audio feature, Elon Musk outlined plans for Twitter’s business since taking over the company less than two weeks ago, according to a New York Times article.

Musk spoke of a Twitter vision for payment processing, with bank accounts and debit cards linked and echoing PayPal, the online payment startup Musk helped create.

According to a document filed with the Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, the social media giant filed registration papers over the past week to clear the way for receiving payments.

This is where the usefulness of Dogecoin begins

Elon Musk has consistently supported Dogecoin, even allowing its use as payment for goods from Tesla and its related businesses. He also allowed Dogecoin payments for his recently released “hair burn” perfume.

According to Musk, Dogecoin is better suited for transactions, giving it an advantage over Bitcoin and other cryptocurrencies.

Basically, bitcoin is not a good substitute for transaction currency.“, Musk told Time Magazine last December, after being named Time’s 2021 Person of the Year. “Even though it was created as a silly joke, dogecoin is better suited for transactions“.

Immediately after the acquisition of Twitter, the price of DOGE rose due to speculation about its integration into Twitter. In a similar vein, Musk’s tweet last week featuring a photo of a Shiba Inu dog wearing a Twitter T-shirt fueled speculation that he might allow cryptocurrency transactions using DOGE. .

However, given that Musk hasn’t spoken or mentioned Dogecoin since the acquisition, it’s unclear exactly what he plans to do with the cryptocurrency as far as Twitter is concerned.

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