• Elon Musk, the CEO of Tesla and owner of Twitter Inc., has announced a new Twitter Blue subscription.
• This subscription will reduce ads and increase the price of Twitter Blue in order to bypass the charges imposed by Apple and Google.
• Dogecoin proponents believe this move may fuel the growth of the coin, as it will be incorporated into Twitter’s payment system.
Elon Musk, the Chief Executive Officer (CEO) of American electric vehicle giant, Tesla, and the new owner of the micro-blogging site, Twitter Inc., recently announced a new Twitter Blue subscription. This subscription will increase the price of Twitter Blue in order to reduce ads for users, and bypass the charges usually imposed by Apple and Google for payments made through their App Stores. Twitter charges an extra $3 for the monthly subscription, which currently costs $8 per month.
Dogecoin proponents are hopeful that this move may fuel the growth of the coin, as it will be incorporated into Twitter’s payment system. This is due to Musk’s strong support for the memecoin, as he has shared a number of initiatives that may help to increase its price. Additionally, the social media platform has recorded an exodus of advertisers since Musk took over, so a change in the revenue stream could potentially benefit Dogecoin.
The idea behind this move is that Twitter Blue’s subscription may be increased over time and will contain zero ads. This will go a long way to cushion the dwindling ad revenue on the social media platform. Furthermore, the subscription will help to bypass the charges that Apple and Google impose for payments made through their App Stores.
Overall, it’s clear that Elon Musk’s announcement of a new Twitter Blue subscription may have a positive effect on Dogecoin. Although the details of this plan are yet to be revealed, it’s likely that it will help to propel the memecoin’s price. As such, Dogecoin proponents remain hopeful that the cryptocurrency will benefit from this new development.