Elon Musk’s Twitter Plan Puts DOGE Price Into Action

The news that cryptocurrencies could be added to Twitter as a payment option soon prompted the price of Dogecoin (DOGE).

Elon Musk’s efforts to create new revenue sources for Twitter continue.

According to information reported by the Financial Times, Esther Crawford, who works at Twitter, told Twitter. payment methods He started working with a small team to develop the architecture that will allow the addition of

Elon Musk is in Twitter in his statements in the past peer-to-peer transaction, savings account and debit card He said that he wanted it to become a platform where financial services such as

required before Twitter launches these payment services. to obtain legal permits it’s working. The social media platform launched in November. payment handler registered with the U.S. Department of the Treasury.

According to the information conveyed by the FT, the company is trying to obtain the remaining legal permits and obtain the necessary licenses within a year.

This new payment feature that Elon Musk will bring to Twitter fiat coins will not cover. Musk prioritizes this system in nominal money Although he wanted it to be, in the future this system Integration of cryptocurrencies wants.

These news soon activated the price of Dogecoin (DOGE), one of Musk’s favorite meme coins. According to CoinGecko data, DOGE said after this news hit the market. to the highest level of the last 24 hours output.

DOGE, with a market capitalization of $12.2 billion, is trading at $0.088 at the time of writing.

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