Dogecoin to be used for micropayments on Twitter?

[Abiky]

It looks like Elon Musk is going to proceed with the $44B deal to buy Twitter as he has originally planned. The recent news of Elon Musk changing its mind again had a short pump in DOGE's price. If the deal goes through, that would mean Elon Musk will become the new owner of one of the world's most popular social media platforms. Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen? Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts?

[GreatArkansas]

Why? Why Dogecoin? We all know Dogecoin is a meme coin that was built by forking Bitcoin.
So for me, this is impossible to happen (Only Dogecoin) Maybe in the future, there are lot of options buy major are the high market cap coins,
primary for sure will be Bitcoin (Lightning network also), Ethereum, and many more.

[adaseb]

Elon has been pumping doge for over a year now. Whenever he can he sends out some doge tweet and the currency goes pumping like crazy within seconds.

He probably won’t try this because i don’t think anyone would use it. Nobody holds doge, even crypto holders and people won’t buy it just to send someone a tip on Twitter.

[tbct_mt2]

Why? Why Dogecoin? We all know Dogecoin is a meme coin that was built by forking Bitcoin.
So for me, this is impossible to happen (Only Dogecoin) Maybe in the future, there are lot of options buy major are the high market cap coins,
primary for sure will be Bitcoin (Lightning network also), Ethereum, and many more.

It will very likely happen if Elon Must actually buys Twitter. He is a big fan of Dogecoin and I am not doubtful that if he owns Twitter and wants to add new tipping methods for it, Dogecoin will be one of his first priorities.

If you want to explore more about Twitter's Tipping, Bringing tips to everyone

How does it work?

You’ll know an account has turned on Tips if you see a cash icon next to the Follow button on the profile page. Tap the icon, and you’ll see a list of payment services or platforms that the account has enabled, and you can select whichever you prefer. The services* available so far:

• Bandcamp
• Barter
• Cash App
• Chipper
• Ethereum Address
• Paga
• Patreon
• Paytm
• Razorpay
• Wealthsimple Cash
• Venmo

And today, we’re adding some new services to the list: GoFundMe – an online fundraising platform – and PicPay – a Brazilian mobile payments platform.

They accept tipping with Bitcoin via Lightning Network too.

[danherbias07]

It suddenly looks appealing to buy Dogecoin again. Maybe just for the short-term hype then sell it back quickly.
Definitely, it will boost its value of it but I doubt it will be long. There will also be a big dump once they cannot service everyone due to heavy traffic.
Happened to BNB due to the NFT's that was using the Binance Smart Chain.
They didn't expect a large amount will come and they didn't handle it well. I just hope Dogecoin is ready for that wave before EM applies it or it will just be a disappointment.

[jossiel]

It would be since there is already the feature going that has been said that will be added for tips on Twitter which has been proposed first with LN.

Elon should put money where his mouth is and if he's really into Doge, he'll add it for Twitter. But more than that, if he's got balls then he'll add it with his other companies and venture.

But, that doesn't how traditional business goes.

[samcrypto]

Once the deal is final and Elon becomes the biggest shareholder of Twitter, there’s a high possibility that he will introduce cryptocurrency in twitter but of course there’s no assurance for this and no specific token since Elon is hyping other project as well aside from DOGE.

Whatever coin or token it is, once Twitter formally introduce cryptocurrency on it’s platform, that can be a big hype and maybe the start of a bull market.

[avikz]

I don't see it happening in reality to be honest. Even though Elon is going ahead with this deal, I don't see Doge is being accepted in Twitter. There are multiple regulatory blockers which will make it very difficult for Elon to roll out such things worldwide.

Yes, it may be possible in US and other crypto friendly nations but can't be rolled out worldwide. Also I am not sure if Doge is actually capable of handling such initiatives. 

[tvplus006]

I don't see it happening in reality to be honest. Even though Elon is going ahead with this deal, I don't see Doge is being accepted in Twitter. There are multiple regulatory blockers which will make it very difficult for Elon to roll out such things worldwide...

We remember that Elon Musk previously appealed to the Twitter management with a request to introduce such an opportunity to pay for a premium package with Doge coins. And if such an offer was rejected earlier, now the chances of realizing it will increase very much after Musk becomes the rightful owner of this social network. And this will undoubtedly affect the value of the coin, as it will add even more utility to it.

[crwth]

With all the news with regards to Elon, it’s probably going to be connected with regards to his holdings. Doge of course would be part of it and anyone in any news with regards to connections with it will be produced and marketed, so that people would see doge as something as a reliable coin to profit from and possibly hold as well.

If you have money to spare, maybe you could really get some doge coins or something. Not financial advice.

[bastian466]

We are waiting with the facts that happen, hopefully it will go according to plan.  if true, this could be a breath of fresh air to pump up the prices of all cryptocurrencies, not just doge.  this could be the next hype if the plan to integrate doge into twitter is a very good new thing because what we see with twitter is the most popular platform and the most used by everyone and is included in the top 10 most popular social media applications, the most  used

[sheenshane]

This didn't surprise me.

Elon Musk bought Twitter of course with a purpose and it could this was his purpose in the first place.  He loves Dogecoin and he always wanted to pump up the price of this coin.  We know Dogecoin is good for micropayments and at least it has a real utility.

It is always good if Elon Musk set another payment option like using the Bitcoin lightning network alternatively to the Dogecoin.

[dansus021]

if the dogecoin used as micropayment that would be great, since only twiter that love about crypto world

but as far that i know Elon Musk is doesn't like PoW coin especially that coin been mine with dirty energy doge is mine with ASIC like bitcoin

[LogitechMouse]

~
What are your thoughts?

That rumor has already been spread when he tries to buy Twitter for the first time and now resurfaced again because of his desire to buy Twitter again after choosing not too months ago.

Musk has been pumping and dumping DOGE for quite some time and we know that DOGE almost reached a dollar because of him. We also saw that his desire of buying twitter again made DOGE pump a bit. Now with regards to him adding DOGE into twitter if he successfully buys it, I guess it's possible since DOGE has been made to tip those people. I'm thinking, if he will integrate it, there might be a point where people will tip other people with DOGE if they see that their tweet or comment is good.

Now with DOGE going to $1, it's possible but the chance of it to happen are low to close to zero for me. With that enormous supply and it being inflationary, it will be hard but it's still possible knowing how many people are using twitter around the world. I'm thinking it's not only DOGE that will be added but there will be some coins that will be added for other use.

[Wexnident]

It wouldn't be impossible, he is an avid fan of it, and adopting it to the platform would only bring benefits to hodlers, which I assume he is a big part of. It may even be possible that he's going to run an advertisement of sorts for it when he gets the platform early on though I don't think it's going to last long though or heck I don't think a lot of people are even going to use it, a lot of people still don't even know what crypto is (not to mention most buyers of Doge are probably just hodling it for him and not to use it). There are probably a few better options tbh, but it is Elon we are talking about.   

On another note wasn't there a lawsuit about Elon and Doge? Wondering how he's going to handle that (or maybe it was handled already?)  if Doge was going to be introduced to the platform.

[el kaka22]

It is clear that Elon is not that much into Doge as he used to be. Even if he buys twitter, and even if he really wants to change some stuff in it, I am pretty sure that adding Doge micropayments will not be the first thing he does. Maybe he will do it later on, I do not know when or how he will do that but if he does, I am sure it is going to be pretty much far distant in the future.

By that time, we could have a bull run, I mean think about it, he doesn't even own it yet, and that means doing all of these will take more than a year, I assume that we will have a lot better market by that time and the price will be over 50k+ by the time he gets the company and builds something like this.

[bitgolden]

This is speculation at its highest level and shouldn't really be calculated into your investments. We are talking about knowing the intentions of a billionaire, by his past actions and to be fair I am pretty sure that he is not going to be held responsible for them neither. He did pumped doge once, but then he also made it crash as well by saying he is no longer interested.

It means he could say whatever he wants and nobody is there to stop him. This is why I personally believe that it would be wiser if we could just ignore what he has said so far or done so far and assume that he has absolutely no interest in doge, because if we assume him wanting to, and then turns out he won't, we would lose a lot of money.

[isaac_clarke22]

~

I thought this already happened couple of months ago like few months after April but then I didn't realize it was not happening yet. Regardless yeah, it is just a meme coin anyway and nothing else more. though I would not be surprised in the first place these days. Along with NFTs, Doge and Shib became like the popular memes now and I just can't wrap around my head that people are willing to buy such meme coins in high amounts.

Ethereum would be a great candidate instead though if not Bitcoin.

[Jackl87]

It looks like Elon Musk is going to proceed with the $44B deal to buy Twitter as he has originally planned. The recent news of Elon Musk changing its mind again had a short pump in DOGE's price. If the deal goes through, that would mean Elon Musk will become the new owner of one of the world's most popular social media platforms. Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

I really hope that this time Elon Musk will be successful with buying twitter, because i just would like it to be a platform for real free speech where every opinion can be expressed (as long as it is not against the law of course) even if it is not the opinion of the mainstream. I only believe it though once it is really a done deal because his first attempt of buying twitter was kind of a weird drama.
If he is successful then it is a possibility that Dogecoin could be accepted as a payment at twitter. I also think that this would have impact on it's price but probably not as much as it had when Musk mentioned it the first time.
If this happens i just hope that it won't kick off a new shit-coin wave like we had a few months ago.

[Yogee]

This is not really about Doge or its price after integration to Twitter's tipping service. It's about who would actually use the platform's feature. I think Twitter is a bit late to the game when it comes to the implementation of tipping since I've seen it utilized more in other social media but who really knows what happens in the future. Maybe it will gain more traction in a few years.