It is only a matter of time before Twitter begins to integrate crypto payments within its services. Now that Elon Musk is at the helm of affairs, the introduction of cryptocurrencies on the social media platform are more likely now than never. In this context, it becomes all the more important to assess which cryptocurrencies would stand a chance to feature on Twitter payments. In a latest, reports suggested that Musk wants to introduce subscription fee for Twitter users.
Twitter Crypto Payments: Almost Certain?
This led to speculation that cryptocurrencies would soon be introduced to make payments for Twitter subscription fees. While a majority of Twitter users are reported to be unwilling to opt for the subscription based service, there could be a huge game changer with the move. Experts believe the subscription based business model would not only help Twitter’s revenue but also solve its content moderation problem.
Prior to Twitter takeover, Musk was highly vocal about the need to eradicate the trolls, spam accounts and bots from the platform. In fact, Musk recently said he wants Twitter to be a more reliable platform.
Top Cryptocurrencies To Get Twitter Integration
Meanwhile, several cryptocurrencies could benefit from the potential Twitter crypto payments integration. Crypto influencer Ran Neuner believes Binance’s stablecoin BUSD could also be benefited if the move goes ahead. With Elon Musk’s support to Dogecoin (DOGE), the memecoin could be first to get featured in crypto payments. By virtue of its scale and impact, Bitcoin (BTC) would also stand a chance alongside DOGE. Already, Tesla is allowing select purchases with DOGE on Tesla merchandise
Neuner feels that the social media platform could soon launch crypto payments between individual users. Bitcoin, Dogecoin (DOGE), and BUSD could be among the initial options for consideration, he added.
“I suspect that twitter will launch blockchain payments between users soon. I would imagine that the options will be: Bitcoin (no explanation necessary), $DOGE, because of Elon Musk’s love for the troll, and BUSD, because BINANCE was one of the biggest investors.”
Apart from these cryptocurrencies, Twitter could also consider adding Ethereum (ETH) and Shiba Inu (SHIB) considering the popularity of the projects.
In a latest, Musk scrapped the previous Twitter board consisting nine members and made himself the sole director of the company. This comes at the back of the firing of three top executives, including CEO Parag Aggarwal, following Musk’s official taking charge last week.
- Bitcoin
- Crypto payments
- dogecoin
