According to recent reports, Elon Musk has signed a definitive agreement with Twitter to buy it for $44 billion. After the acquisition, Elon Musk will own at least a 9% stake in Twitter. In his April 10 tweet, he also hinted at the possibility of acceptance of Dogecoin as payment for a premium Twitter subscription as another functionality that might be implemented after the takeover.
Maybe even an option to pay in Doge?
— Elon Musk (@elonmusk) April 10, 2022
He hinted at the possible modifications which he might make after finishing the purchase process. The majority are related with new features such as removing adverts, banning hate speech, and making algorithms public in order to earn greater user confidence.
He previously also tweeted that free speech was the backbone of all democracies, and that Twitter was a virtual town square where significant issues were brought to the public’s attention for debate. To put it another way, all of the modifications that take place could be well-targeted to ensure that Twitter fosters a more free dialogue with less policing control.
Elon Musk suggests integrating the authentication checkmark as a feature of the Twitter Blue premium subscription. This should raise the number of verified user accounts while reducing the number of spambot accounts. It’s possible that Dogecoin will be accepted as a method of payment for Twitter’s premium subscription. Elon Musk said that the premium subscription should be proportional to everyone’s ability to pay, and that payments should be made in local currencies. He also mentioned that Dogecoin might be used as a form of payment.
Elon Musk’s purchase of Twitter has been praised by Jack Dorsey, the former Chief Executive Officer of Twitter, who said that Elon Musk’s goal of creating a maximally trustworthy and broadly inclusive platform was the right one.
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