Elon Musk Has An Idea For How Twitter May Make Use Of DOGE As A Payment Method.

Elon Musk, the CEO of both Tesla and SpaceX and a prominent Twitter user, made some suggestions on how Twitter Blue, the company’s first-ever subscription product, should be better.

According to CNBC, Elon Musk owns 73,486,938 shares of Twitter, which represents a 9.2% passive holding in the firm, according to a U.S. Securities and Exchange Commission 13G filing issued on April 4.

The next day, Twitter CEO Parag Agrawal announced that Elon Musk will be joining the company’s board of directors.

Jack Dorsey, the co-founder and former CEO of Twitter, appeared pleased as well:

It’s worth noting that Musk had just chastised Twitter for not doing enough to protect free speech less than two weeks prior.

On June 3, 2021, Twitter Blue, an opt-in, premium monthly subscription service, was unveiled. According to Twitter’s blog post, a Twitter Blue subscription includes the many premium features like bookmark folders, tweet undo and reader mode.

Twitter Blue costs roughly $3 per month and is available on Twitter for iOS, Android, and the web in the United States, Canada, Australia, and New Zealand.

Twitter clarified in its Help Center section that paying for a Twitter Blue subscription will not prevent advertising from appearing, and explained why:

“Currently, ads continue to fund our ability to innovate as we grow this new part of our business. Twitter Blue does include an Ad-free Articles feature which offers subscribers a fast-loading, ad-free reading experience on the websites of publishers within the Twitter Blue Publisher Network…”

Twitter Blue is an entirely opt-in experience, according to the company, and these early features were created for a certain section of active users. Twitter’s  ultimate goal is to give enough value in the form of premium features that members perceive it is worthwhile to pay for.

For the time being, there is a cost of operation associated with adding more levels to the Twitter experience. The social media giant  wants to keep it affordable and ensure that its customers realize the value in the things that they provide. 

Musk, in a series of tweets published yesterday, offered a few suggestions for how Twitter Blue may be improved:

The Tesla CEO feels that the subscription fee should be cut to $2 per month (“paid 12 months up front”), that there should be no advertisements, and that Twitter should consider accepting Dogecoin ($DOGE) as payment.

Dogecoin was first issued on December 6, 2013, and was marketed as a “fun and friendly internet currency.” Billy Markus and Jackson Palmer came up with the idea. 

It’s a “decentralized, peer-to-peer digital currency” with a Shiba Inu as its mascot (a Japanese breed of dog). Since then, its popularity has skyrocketed, and it is now the 11th most valuable cryptocurrency, with a market capitalization of about $20 billion.

On April 1, 2019, the people behind the Dogecoin Twitter account held a Twitter vote to see who the Dogecoin community thought should be the honorary “CEO” of Dogecoin.

Elon Musk, who had previously described Bitcoin’s structure as “quite brilliant” in a podcast interview in February 2019, learned of the survey the next day and responded with the following tweet:

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Patrick

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