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Twitter Coin Launch: Elon Musk Reveals Future Crypto Payments

• Elon Musk recently announced that Twitter is applying for regulatory licenses to enter the payments business in the U.S.
• Musk revealed new details about a model on Twitter which will enable content creators to make money on the platform.
• Dogecoin surged 8% following this news, but its price is still far from its hype high from November.

Elon Musk’s Announcement

On Monday, Elon Musk surprised everyone with the news that Twitter had started applying for regulatory licenses to enter the payments business in the U.S., which sent the Dogecoin price soaring. 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. At the same time, he acknowledged that developers are designing the payments product to allow crypto payments in the future.

Payment Model Details

Don’t wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today! As for one aspect of the payment product, Musk revealed new details today to Dogecoin founder Billy Markus, better known on Twitter as Shibetoshi Nakamoto. Markus wrote, “co-tweets were stupid af. good riddance.” The multi-billionaire responded with “You’re welcome” and revealed that Twitter is working on a model that will allow content creators to make money on the social media platform: Axed them yesterday to focus on enabling writers to add essays as attachments to tweets. Combined with improvements to creator subscriptions (fka superfollow), you will be able to publish directly on Twitter & get paid for it.

Future Developments

Related Reading: Elon Musk Still Wants McDonald’s To Accept Dogecoin Furthermore, Musk disclosed that the beta version will be launched as early as next week. “We’re also reviewing ad rev share for ads in a creator’s tweet replies – create an interesting thread and get paid for it!”,the Twitter CEO continued to unveil .BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild .io . Play Now !

Dogecoin Price Impact

Followingthe newsonMonday ,Dogecoinsurged8 %to reacha priceof$ 0 .0978 ,itshighestlevelsinceDecember 9 .However ,theDOGEpriceisstillfarfromthehypelowfromtheweekwhenMuskacquiredTwitter .OnNovember1 ,DOGEreacheda10 -monthhighof$ 0 .1592 .Sin cethen ,Musk ‘sDogecoinmentionshavebecomeincreasinglyrare .Andeven thoughtherecentsurgewasdueto therecentreportaboutTwitter’ sfuturepaymentfeatures ,thefiat – firstapproachnewsalsocontainedabitofthedamper .

Conclusion

RelatedReading :TeslaStillHoldsBitcoinAndNoDogecoin ,ButMaintainsDOGE – OnlyPaymentsInaddition ,Musk’ sdevelopmentteamisworkingonth