Elon Musk Teases DOGE as Payment Option on Twitter

Elon Musk teases the Dogecoin adoption on Twitter.
The new Twitter owner hasn’t officially confirmed it yet but speculations have made rounds on the platform.
Dogecoin’s popularity has increased its value by a whopping 109.55% by the week.

Elon Musk, the new owner of Twitter, teases his 113 million Twitter followers that Dogecoin may be used as a payment option on the newly acquired social media platform.

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In a recent tweet, Musk said “Twitter speaks to the inner masochist in all of us,” a certain Twitter user by the name @StonksReddit caught the attention of Musk and asked if Twitter is currently working on a DOGE solution or a DOGE payment system. Elon hasn’t answered but teases the crypto community by replying with the ‘Eyes emoji’.

Musk hasn’t confirmed the Dogecoin adoption on Twitter as of date. However, the crypto community has a strong hunch that integration might happen soon based on his history with the meme coin.

In late May, Musk allowed customers to purchase Tesla merchandise using Dogecoin, making it the only cryptocurrency the electric vehicle manufacturer and clean energy company could receive or detect. The Tesla CEO also added that his aerospace company SpaceX would soon accept Dogecoin as a merchandise payment option.

The Dogecoin adoption by Musk’s companies denotes that the new Twitter management will sooner or later integrate with the favored cryptocurrency of its new owner. In fact, several crypto personalities, including Charles Hoskinson, the co-founder of the blockchain engineering firm Input Output Global, believed that Dogecoin will merge with the platform now that Twitter is in Musk’s hands.

Meanwhile, the publicity that Dogecoin gains on Twitter is making the meme coin more popular in the eyes of investors. At the time of writing, DOGE increased 109.55% over the last 7 days and 131.63% over the previous 30 days.

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Bryan Yanzon

Bryan is a gamer who became genuinely interested in crypto after his initial exposure to Play-to-Earn games like Axie Infinity and Pegaxy. He has basic knowledge of technical analysis and is keeping an eye out for interesting developments in the metaverse and GameFi space.