Elon Musk Can Change A Lot For DOGE and Twitter And Here’s How PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Elon Musk Can Change A Lot For DOGE and Twitter And Here’s How

Time Stamp: April 17, 2022 12:25 PM

Elon Musk can change a lot for DOGE and Twitter because of the new tools and ideas he has in mind although he won’t probably get to buy the social media platform so let’s read more in today’s latest Dogecoin news.

The Tesla CEO has 82 million followers on Twitter and pumped DOGE again and again and again before deciding that BTC has a strogn environmental impact with a bad look for Tesla. Even so, he partnered with Dorsey’s block to power a BTC mining facility in Texas. Now Musk offered to purcahse Twitter for $43 billion and hold the financial and tech cycles on his sleeve. Twitter’s board will likely reject the offer but it seems that the Twitter CEO Parag Agarwal sounds terrified.

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The citizens of Crypto Twitter cheered on Elon Musk because of his free speech ideas and also because his takeover of Twitter could mean adopting the crypto tools that he said he would adopt. The crypto-related features on Twitter seem like a long shot but the platform did roll out crypto tipping last year. Twitter even added verified NFT profile pictures in January but for Twitter, Blue subscribers alone.

What Elon Musk can change is to make these tools more accessible. The crypto tools don’t make a lot of sense if they are limited to only the biggest coin on the market. The point of crypto openness and decentralization is much bigger than just Bitcoin. Twitter is still a centralized company and a single billionaire buying it will make it less democratic but the tools like sending someone and verifying the ownership over an NFT via blockchain can help crypto go mainstream and bring normies but only if they are open to a wider range of cryptos, blockchains, and NFTs.

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This is exactly what Musk wants to do. He listed opening up Twitter’s source code on Github and enabling DOGE for payments for the Twitter blue users among his priorities. Crypto luminaries are agreeing on the matter with FTX CEO saying that it will be on-chain, it will be trivial to integrate. Robinhood’s CEO also thinks DOGE can become the future currency of the internet. Although Musk won’t’ get Twitter, he reignited a bidding process for the platform that hasn’t worked as a public company so far. Disney was ready to purchase in 2016 but the day after the board approved the deal, Bob Iger changed his mind because of the many brand-related issues and called Dorsey to call it off.

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