Elon Musk\'s Potential Integration of Dogecoin Payments on X Platform Sparks DOGE Army Optimism-web3.0-php.cn

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Elon Musk\'s Potential Integration of Dogecoin Payments on X Platform Sparks DOGE Army Optimism

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Jun 24, 2024 pm 04:28 PM

Elon Musk's Potential Integration of Dogecoin Payments on X Platform Sparks DOGE Army Optimism

Elon Musk's potential integration of Dogecoin payments on X has ignited excitement within the DOGE army. Enthusiastic responses from the community highlight

Elon Musk's recent actions, including acquiring licenses in new U.S. states, have paved the way for implementing the X Payments feature. DogeDesigner, a well-known insider at X, has also hinted at the platform's plans to introduce Dogecoin payments by the year's end.

In March, X was granted payment processing licenses in Oregon, Illinois, and New Mexico. This likely explains the sustained optimism among the DOGE army about the imminent integration of DOGE on X.

Moreover, several reports have indicated that crypto is likely to be among the payment options on X, if not the primary mode of payment.

Elon Musk's Tweets Drive Dogecoin's Popularity Despite Steep Decline from All-Time HighOver the past seven years, Elon Musk has frequently included Dogecoin in his tweets, reflecting his affinity for the cryptocurrency. On May 8, 2021, the meme cryptocurrency surged to an all-time high of $0.7376, largely driven by Musk's comment about being "The DogeFather" and his subsequent appearance on Saturday Night Live in 2021, where he promoted DOGE.

Currently, DOGE is trading at $0.1243, which is 83.15% lower than its historic peak, yet it still ranks among the top 10 cryptocurrencies, according to CoinMarketCap.

In speculating about the genesis of Musk's fondness for DOGE, Charles Hoskinson, the founder of Cardano, recently suggested that the tech magnate may hold around 20% of the meme coin's supply or that Musk might simply have a preference for it.

Photo: Microsoft Bing

News source：https://www.kdj.com/cryptocurrencies-news/articles/elon-musk-potential-integration-dogecoin-payments-platform-sparks-doge-army-optimism.html

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