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Twitter (X) Going Crypto? CEO Hints at Payments Integration, Reviving DOGE Momentum

Last Updated September 21, 2023 11:13 AM
Omar Elorfaly
Last Updated September 21, 2023 11:13 AM

Key Takeaways

  • Linda Yaccarino highlighted new features on X, including payments.
  • Elon Musk shot down rumors of charging all X users.
  • Crypto community expects a rally for DOGE.

The new X CEO, Linda Yaccarino, shared a video  on the social platform highlighting the new features X now provides to its users. The video points out the uniqueness of each user, showing the variety of interests each person may possess. The video also shows how the platform can help its users buy things online and even share food recipes.

However, one key part of the video shows how users can use X to send funds to their contacts. 

The announcement rippled in the DOGE community in anticipation of higher demand for the memecoin. 

Simultaneously, the head of X, Elon Musk, responded to rumors that the platform will start charging all users a small fee to keep their accounts.

X For Payments

In August, news got out about Elon Musk working on transforming X into a crypto trading platform. The tech billionaire has been in talks with Wall Street executives about creating the “updated version of PayPal”.

It’s no secret Musk has an affinity with creating mainstream payment apps. After all, Elon had initially created X.com, which was later renamed to PayPal and sold to eBay.

Moreover, Elon spoke on several occasions about his plans to create X, the Everything app.

Now, with CEO’s announcement, Musk and X are one step closer to achieving Musk’s dream.

High Time For DOGE

Elon has also been quite candid about his support for Dogecoin, a memecoin he chose to associate himself with after seizing his support for Bitcoin.

Musk still maintains the Ð – Dogecoin symbol – on his profile since the rebranding of the social platform from its former name, Twitter.

At the time of the platform’s rebranding announcement, he placed the Ð symbol on his profile, which immediately resulted in a memecoin’s value increase of 9%.

Earlier this year, Elon temporarily replaced the Twitter blue bird logo with the DOGE logo, which once again resulted in a price rally for the token.

Now, with the company officially announcing a payment/fun transfer function for all users, the DOGE community, as well as the rest of the crypto market, is in anticipation of a significant rally in Dogecoin’s price.

X Won’t Charge Free Users

In the midst of discussions regarding the CEO’s announcement, Musk had to respond to allegations regarding subscriptions for users on X.

Musk/X had to provide the clarification due to the widespread articles that highlighted the same rumor.

However, the community’s response to Musk’s statement was less positive than the tech CEO probably hoped for.

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