Elon Musk Proposes Dogecoin Payments for Twitter Blue Subscriptions to Fight Bot Army

11. Apr 2022 Posted by Akolkar B on News

Tech billionaire Elon Musk has recently acquired 9.2% stake in social media platform Twitter becoming the largest individual shareholder in the company. On Sunday, April 10, Musk made a series of new tweets suggesting a proposal for Twitter Blue, the platform’s subscription service.

Musk’s comments came after he was appointed to Twitter’s board last Thursday following his stake purchase. The tech billionaire also spoke to make “significant improvements to Twitter in the coming months”.

Musk tweeted: “Everyone who signs up for Twitter Blue (ie pays $3/month) should get an authentication checkmark. Price should probably be ~$2/month, but paid 12 months up front & account doesn’t get checkmark for 60 days (watch for CC chargebacks) & suspended with no refund if used for scam/spam. And no ads. The power of corporations to dictate policy is greatly enhanced if Twitter depends on advertising money to survive”.

Musk also added that the price should be proportionate and available in local currency. “Maybe even an option to pay in Doge?” he suggested.

Musk added that this move could help to fight the bot army and the impersonators present on Twitter. This will further prevent misuse of the platform while promoting genuine conversations.

Elon Musk has been an ardent promoter of Dogecoin (DOGE) and his support has even helped the memecoin to reach among the top ten cryptocurrencies. Dogecoin is still among the top 15 cryptocurrencies by market cap.

During the recent launch of a Tesla Gigafactory in the U.S. Elon Musk also showcased Dogecoin’s Shiba Inu mascot. Furthermore, earlier this year, Elon Musk announced that Tesla’s supercharging station will accept Dogecoin payments.

Furthermore, Musk also went to the extent of saying that Dogecoin makes a better payment currency over Bitcoin. He said that BTC makes sense less of a currency but more as a store of value.

Although Musk was appointed at the board on Twitter, he has denied joining it. Twitter CEO Parag Agrawal confirmed this earlier today. He added: “I believe this is for the best. We have and will always value input from our shareholders whether they are on our board or not. Elon is our biggest shareholder and we will remain open to his inputs”.