Blockchain News

What X’s (Twitter) Daring Expansion Could Mean For Dogecoin

Elon Musk’s takeover of X, formerly known as Twitter, has ushered in a wave of intriguing changes that piqued crypto enthusiasts’ interest, igniting speculation that Dogecoin (DOGE) might play a significant role in the platform’s future plans. As X undergoes a series of bold transformations, observers can’t help but wonder if Dogecoin is part of the grand strategy.

Founded in 2006 as Twitter by Jack Dorsey and three others, the platform was synonymous with micro-blogging and maintained its original mission. However, when Musk acquired the social media giant for $44 billion in October 2022, everything changed.

Musk wasted no time making radical changes, including reducing the company’s workforce and implementing a paid verification system. The upcoming audio and video calling system is the latest addition to this transformation.

In a recent X post, Musk revealed that developing these new features is well underway, with support planned for leading operating systems like iOS, Android, Mac, and PC. A noteworthy aspect is that users will not require a phone number for making calls; their usernames will suffice.

While initial calls may lack encryption, Musk assured users that the ability to toggle encryption on and off will be part of ongoing developments.

Adding to the intrigue, news emerged that X had obtained a license to offer payment services across multiple US states. This move follows the introducing of a revenue-sharing system, where Blue accounts receive a portion of ad revenue. Although the platform currently uses Stripe for processing payments, there are rumors that X may transition to its payment system.

Building on these developments, speculations arise that Musk could integrate Dogecoin into the platform to facilitate users’ receipt of their revenue share. This scenario would see X distributing Dogecoin to its global user base, potentially increasing DOGE’s exposure by over tenfold.

While Musk or X has made no official statements regarding the integration of Dogecoin for payments, Musk continues to display the Dogecoin symbol in his bio alongside the X symbol, indicating his ongoing support for the meme coin that he has affectionately referred to as his “favorite cryptocurrency.”

As X continues to evolve under Musk’s direction, the prospect of Dogecoin’s involvement adds a layer of anticipation to the ongoing transformations, leaving the crypto community eagerly awaiting further developments.

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