Elon Musk’s Twitter “X” App: Dogecoin Integration & Crypto Payments Explained

On Twitter, Raoul Pal, a well-known economist and investor, shared his thoughts on Elon Musk’s goals with the recently rebranded “X” app. Musk intends to transform Twitter into “The Everything App,” and Pal believes that he will incorporate Dogecoin and leverage cryptocurrencies for worldwide payments. In this article, we will discuss Elon Musk’s recent announcement about the integration of Dogecoin and cryptocurrency payments into his Twitter “X” app.

Elon Musk’s “X” – The Everything App

The head of Tesla, Space, and Twitter, Elon Musk, has announced his desire to turn Twitter into a multi-functional platform called “X” that goes beyond standard social media. To achieve this goal, Musk has already updated the website’s logo from the recognizable blue bird to an “X” and made the same change to the Twitter headquarters building. He also hinted at plans to expand the app’s features to include job-seeking and dating capabilities.

Artificial Intelligence and Free Speech

Raoul Pal suggests that Elon Musk’s acquisition of Twitter had multiple objectives. Firstly, Musk aims to leverage artificial intelligence (AI) to create an unbiased model that promotes free speech. AI will also play a crucial role in training the Optimus robot, indicating Musk’s interest in advancing technological capabilities.

Cryptocurrencies for Global Payments

Another significant aspect of Elon Musk’s plan is to enable global payments for content creators and users on the “X” app. Raoul Pal predicts that cryptocurrencies will be instrumental in facilitating these transactions. In particular, he suggests that Dogecoin could be integrated for this purpose. Musk has previously expressed interest in using Dogecoin for micropayments, Twitter Blue payments, and rewarding content creators.

Twitter Payments LLC and Crypto Transactions

Twitter Payments LLC, a vital component of the potential “X coin” system, has recently received licenses from several U.S. states to conduct cryptocurrency transactions. This development indicates that Musk’s vision of incorporating cryptocurrencies for payments and financial discussions on the platform is moving closer to realization.

The Anticipation of DOGE Adoption

The crypto community has been eagerly awaiting Elon Musk’s next move to see whether Dogecoin (DOGE) will indeed be adopted by the “X” app. The price of DOGE has experienced significant surges in the past, such as when Musk’s Twitter acquisition was finalized, and when reports emerged about Twitter’s plans to add cryptocurrency payments. At present, Dogecoin continues to show positive movement in the market.

Dogecoin’s Performance

At the time of writing, Dogecoin is experiencing a 3.82% increase in value over the last 24 hours and an 11.21% rise over the past week. Trading at $0.07685, the cryptocurrency’s performance has caught the attention of investors and enthusiasts alike.

Conclusion

Twitter may undergo a significant transformation with Elon Musk’s proposed “X” app. This platform could revolutionize social media and finance by incorporating cryptocurrencies like Dogecoin for global payments and financial discussions. With Twitter Payments LLC receiving licenses for crypto transactions, the adoption of DOGE seems more likely. The crypto world is eagerly anticipating Musk’s future innovations and the potential impact on social media and cryptocurrencies.

For more articles visit: Cryptotechnews24

Source: u.today

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