Dogecoin’s prospects of becoming an official payment processor on X
Elon Musk reinforces hope in Dogecoin potentially being used to facilitate X payments.
DOGE holders maintain their position despite short-term pressure.
Twitter’s recent rebranding to X triggered the attention of the Dogecoin community. This was because of speculation that the day that DOGE becomes a payments processor for the microblogging platform is drawing closer.
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The community has been hoping that the Dogefather himself, Elon Musk would incorporate Dogecoin into Twitter before it was rebranded. Now the rebranding presents a chance for the social platform to evolve. It was thus interesting when Elon Musk recently mentioned in an interview that DOGE could be used to pay for content.
For context, Musk was in a dialogue during which he explored means through which non-subscribers can access content. It therefore did not constitute confirmation of plans to use DOGE for that purpose. Nevertheless, it did not stop Dogecoin fans from getting excited.