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Cryptocurrency fanatics have been glued to their screens, waiting for the green light from the new owner of the social media platform Twitter. The long-drawn-out legal battle and ultimate acquisition of Twitter made headlines across the globe.
For now, the world is tracking every change that the Tesla CEO has been making in dismantling and rebuilding it.
Since the start of talks about the Twitter acquisition by Musk, cryptocurrency investors have anticipated the probable integration of Dogecoin as a tipping or payment method.
The main reason behind these speculations is that Musk has played an important role in introducing meme currency to a wide audience through social media.
Elon Musk Reveals his Twitter Plans
In a live broadcast video, Tesla CEO talked about the much-debated topic of the expected changes on Twitter. The video arrived after two weeks after the confirmation of the Twitter acquisition. Speaking on the matter, Musk told the viewers that he plans to enable digital payment services with Twitter.
According to his plans, Twitter will partner with financial enterprises like PayPal, Banks, and debit cards to enable online payments.
As per the latest filings with FinCEN under Treasury Department, the social media platform has already submitted a detailed plan and applied for registration for the online payments startup.
Elon Musk has also mentioned that Dogecoin is a good option for online payments and also claimed it has some leverage over Bitcoin in this regard.
Dogecoin integration with Twitter is a topic that has been speculated to the point in the crypto community that the prices of the meme currency also appreciated following the reports.
Musk has made arrangements to integrate DOGE into the SpaceX network and also commissioned developers to make offline payments possible with DOGE.
On the other hand, as CEO of Tesla, he has enabled Dogecoin payments for consumers of the EV car manufacturer.
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