Elon Musk Suggests Adding DOGE Payment Option To Twitter Board

Right after joining the Twitter board, Elon Musk suggests adding DOGE payments option while also proposing numerous other changes but let’s read more in today’s latest Dogecoin news.

The CEO of Tesla purchased a 9.2% stake in Twitter and was appointed to the board of directors shortly after. Now, he made a few propositions to the social media giant’s subscription plan which sees the implementation of DOGE payments. Elon Musk suggests adding DOGE payment options and filed with the SEC showing that he purchased over 70 million Twitter shares which makes him one of the two biggest TWTR stockholders.

It should go away or scammers will game the system by signing up only for a few months

— Elon Musk (@elonmusk) April 10, 2022

Days later, the news broke out that the billionaire became a board member and suggests plenty of improvements for the platform. Twitter CEO Parag Agarwal welcomed the move and said that Musk will bring great value to the board. However, it didn’t take long for Musk to outline a few proposals. He suggested that the subscription price should be lowered from $3 to $2 per month but paid 12 upfront under new conditions. He wants the pricing to be proportionate and affordable in the local currency but to also remove all ads for the subscribers.

Musk proposed the addition of DOGE as a payment method since he is the most influential supporter of the meme coin and showed his belief in the project for years. Aside from being a DOGE investor, Musk took out every opportunity to praise the crypto and even made Tesla accept DOGE payments. So far, however, there hasn’t been a response from the Twitter officials.
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As recently reported, The Doge co-founder Billy Markus said that this was great news after Twitter CEO Parag Agarwal announced that Musk joined the social media’s platform board of directors. Dogecoin rises another 7% as it reacted positively to the news. The leading meme coin is trading at over $0.16 and its market cap is over $21 billion. The week-long rally has been even more impressive and the coins as trading at $0.14 by the end of march which marked a 21% increase. Despite the bullish surge, DOGE is still down from its ATH from back in May 2021 of $0.73. at that time, the crypto joined a few other meme stocks like AMC and Gamestop in one of the biggest bull runs in history.