Elon Musk, who recently acquired Twitter, described what he described as Twitter 2.0. Musk has announced that it will fully integrate payments into Twitter 2.0. When it comes to payments Dogecoin (DOGE) The community is very excited. As a result, the price increased by 19.4%.
Twitter’s new CEO, Elon Musk, will reveal details on Twitter 2.0 on November 27. announced. Some important details were also included in the presentation.
Slides from my Twitter company talk pic.twitter.com/8LLXrwylta
— Elon Musk (@elonmusk) November 27, 2022
Elon Musk While he never mentioned Dogecoin, that hasn’t stopped some investors from being hopeful that DOGE will somehow get involved.
Payments 😋 in Dogecoin? @elonmusk #dog 👀👀 pic.twitter.com/DVn93nfdeg
— Gail Alfar (@GailAlfarATX) November 27, 2022
Koinfinans.com As we reported, Dogecoin price increased by 19.4% after the said tweet. As a matter of fact, the price stopped after a while and recorded a slight decline.
Twitter and Dogecoin Claims
Other plans listed as part of Musk’s Twitter 2.0 vision include “Advertising as Entertainment”, “Video”, “Encrypted DMs”, “Long Format Tweets” and “Blue Verified Relaunch”.
As seen in the presentations, Musk stated that his takeover of the company has already made an impact. Twitter hit its highest level in terms of “new signups” and “active minutes”. Compared to the same seven-day period of 2021, last week can see an increase of 86% and 30%, respectively.
Popular tech writer Jane Manchun Wong cryptocurrency claimed to be working on a wallet that supports deposits and withdrawals. The claim shared on October 27 found a great response and triggered a 40% increase in the price of Dogecoin.
Jelurida co-founder Lior Yaffe recently said that even if Elon Musk integrates Dogecoin into Twitter, it would not be a wise decision.
“Even if they manage to build a payment system around Twitter, there are much better blockchain solutions than Dogecoin in terms of security, privacy, smart contracts and scaling.”
Daniel Elsawey, CEO and co-founder of TideFi, also recently said that while integration is possible, its usefulness on Twitter will be strictly limited to payments.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.