Doge Rises Amid Reports of Crypto Support on Twitter Payments
According to new reports, CEO Elon Musk would like Twitter’s in-progress payment model to incorporate cryptocurrencies. Amid the mooted revelations, Musk’s favorite crypto Dogecoin experienced a notable surge in value. The token hit a daily high but retraced its steps soon after. Elon Musk became Twitter owner and CEO on the 27th of October last year. Despite still being in the early days of the handover, Twitter has experienced a slew of makeovers in the last few months. In fact, right from the start, Musk’s intention to monetize the platform was no secret. Musk to Optimize Twitter for Payments In November, shortly after Musk’s takeover, Twitter registered as a payments firm. The Financial Times report notes that the company has continued along that line. Indeed, Twitter is supposedly applying for US-based regulatory licenses with entities such as the US Treasury. The FT also claims that the company’s engineers have software in the works for Twitter to feature a payment o...