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On monday, elon musk surprised everyone with the news that twitter had begun to request regulatory licenses to enter the payment company in the United States, who drove the price of the dog higher. As Bitcoinist previously reported, there have been rumors of a Twitter Coin and crypto payments for quite some time.
However, Musk also clarified to the Financial Times on Monday that the payment features on Twitter are “first and foremost” for fiat currencies. Meanwhile, he recognized that developers are designing the payment product to enable crypto payments in the future.
Regarding one aspect of the payment product, musk revealed new details today to the Dogecoin founder billy markus, best known on twitter as shibetoshi nakamoto. Markus wrote, “co-tweets were stupid af. good riddance.”
Markus wrote, "co-tweets were stupid af. good store room."
The multi-billionaire replied by saying "You are welcome" and revealed that Twitter is working on a model that will allow content creators to make money on the social media platform: Combined with enhancements to the creators' subscriptions (fka superfollow), you can post directly to twitter.
Lecture connexe: Elon Musk still wants McDonald's to accept Dogecoin. 'We're also going over the sharing of ads in a creator's tweet responses. Create an interesting discussion thread and earn money!" said the CEO of Twitter.
"We also review ad sharing in a creator's tweet responses - create an interesting discussion thread and make money!" , the CEO of Twitter went on to disclose.
Dogecoin's role is still fuzzy. After Monday's news, Dogecoin jumped 8% to reach $0.0978, its highest level since December 9th. On November 1, the doge peaked at 10 months of $0.1592.
Since then, Musk’s Dogecoin mentions have become increasingly rare. And while the recent spike was due to Twitter's recent report on future payment features, the Fiat First news also contained a bit of a shock.
In addition, Musk’s development team is working on the Twitter Coin, which is a reward system and will also likely be fiat-based initially. Also, the Musk development team is working on the Twitter coin, which is a reward system and will likely be based on an arbitrary decision at the outset. There is therefore no guarantee that the social network will embrace dogecoine.
But if so, the rally in late October would have been nothing more than a test. At the time of the press, dogecoin was at $0.0915, meaning that the price has already lost most of his winnings from yesterday.
While Doge registered the fourth consecutive weekly green candle last week, the price is still in bearish territory.
