Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,246,147,961,555	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,246,147,961,555

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	46.43	0.07%	63,457.75	63,457.74	63,457.75

Price Change

Price Change %

Current Price

Bid Price

Offer

46.43

0.07%

63,457.75

63,457.74

63,457.75

High Price	Low Price	Open Price	Prev. Close	52 Week Range
64,333.33	63,327.79	63,472.78	63,411.32	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

64,333.33

63,327.79

63,472.78

63,411.32

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:59:00	0.000071	63,457.74	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

12:59:00

0.000071

63,457.74

USD

Price x Volume	Volume	Base Symbol	Related Pairs
159,274,747.02	2,497.25	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

159,274,747.02

2,497.25

Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan

30/01/2023 6:14pm

NEWSBTC

Per a report from the Financial Times (FT), Twitter has been trying to find new sources of revenue, and crypto and Dogecoin (DOGE) could be part of a new strategy to achieve this objective. The company has submitted petitions for regulatory licenses in the United States to “turnaround the business.” Related Reading: Bitcoin Volatility Ahead? Open Interest Registers Sharp Jump Last year, Musk acquired Twitter in a multi-billion-dollar deal. Since then, many advertisers have left the platform, negatively impacting the company’s revenue stream. The new CEO launched a subscription service and continues to seek an alternative to mitigate the company’s financial problems. In that sense, the social network is focused on enabling payments on its platform under the leadership of Esther Crawford, the Financial Times claims. These efforts are a “critical” element of a larger strategy to bolster the company’s revenue streams. Peer-To-Peer Payments With Dogecoin? The report claims that Elon Musk has publicly revealed his plans to roll out peer-to-peer transactions with bank accounts and debit cards on the network. These features are part of a “master plan” to build the “everything app,” as the report calls it. Like other social networks where users can message their contacts, shop, and make payments, Twitter would expand beyond its current services. In this context, cryptocurrencies could play a big role. Elon Musk is a big Dogecoin proponent, and any plans to incorporate payments on Twitter include the meme coin naturally. At least, this is the market’s perception of recent events. As of this writing, Dogecoin (DOGE) saw a 5% spike in its price action but has been unable to break above critical resistance. The meme coin follows the general sentiment in the market, recording losses during today’s trading session. A Twitter “super app” with Dogecoin payments could usher in a new adoption era for the cryptocurrency and potentially allow it to reclaim previously lost territory. DOGE recorded an all-time high in 2021 on the back of a campaign in its favor spearheaded by Elon Musk and other personalities. Twitter’s Master Strategy Furthermore, the FT report claims that Twitter already filed a registration as a payments processor with the U.S. Treasury. This application suggests that, if approved, the Twitter “super app” could materialize sooner than expected. The company is in pursuit of additional licenses, which will be “filed shortly,” according to the report. This stage precedes an international strategy to obtain the necessary licenses to take Twitter to the next level. Related Reading: Bitcoin Mining Difficulty Touches New ATH Following 4.68% Adjustment According to Lucy Ingham, head of content at FXC Intelligence, quoted by the FT: “Twitter is already a platform on which payments happen, so it’s kind of a no brainer.”

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