Elon Musk is now officially in charge of Twitter, and he has already implemented several significant changes, including the introduction of a monthly subscription.
The rumors about whether the billionaire would accept Dogecoin payments began immediately, and he only fueled them. Dogecoin has been arguably the best performer in the last week or so, but the asset has not responded to Musk’s latest remarks.
After months of speculation, drama, and lawsuits, Musk’s acquisition of Twitter was completed in less than a week. Previously, Tesla CEO Elon Musk promised to improve the social media platform by removing bots and fake accounts, among other initiatives.
Following the firing of most executives, Musk announced on Twitter a monthly subscription that will allow “blue-tick” certification, which will differ from the current system of “lords and peasants.” The initial speculation was that it would cost $20 per month, but he stated that it would be $8.
To all complainers, please continue complaining, but it will cost $8
— Elon Musk (@elonmusk) November 2, 2022
His concept will now work in tandem with Twitter Blue, a $5 monthly subscription for “more comfortable reading mode and editing tools.”
Given Musk’s previous hints that Dogecoin could be used for these types of payments, the crypto community was quick to ask if such a feature would be available soon. In keeping with his nature, his response was more curious than informative.
Although he has yet to confirm this, it is worth noting that the majority of the other businesses he owns accept DOGE as payment. The Boring Company was the most recent to do so.
The billionaire’s relationship with the original meme coin has been the driving force behind the latter’s recent price increases. Its USD valuation more than doubled in a week after Musk installed a sink in Twitter’s headquarters.
