Elon Musk Pitches Dogecoin Payments to Twitter Blue Subscribers

Twitter’s latest shareholder and the world’s richest man, Elon Musk is making a number of proposals to the managers of the social media platform to accept Dogecoin (DOGE) payments to subscribers of the firm’s premium service, Twitter Blue.

In a well-commented engagement on Twitter, Musk shared a number of ideas that he believes can set the bird app on the right path toward ensuring the tenets of free speech are adhered to. First, he advocated that the subscription fee for Twitter Blue should be reduced to approximately $2 from $3 and billed annually. 

Price should probably be ~$2/month, but paid 12 months up front & account doesn’t get checkmark for 60 days (watch for CC chargebacks) & suspended with no refund if used for scam/spam

— Elon Musk (@elonmusk) April 10, 2022

“Price should probably be ~$2/month, but paid 12 months up front & account doesn’t get checkmark for 60 days (watch for CC chargebacks) & suspended with no refund if used for scam/spam,” he said.

In addition to the payment options available to access this service, Musk recommends DOGE for related payments. The Twitter Blue service grants access to a number of exclusive features including “Undo Tweet” feature, customized Twitter app icons and the ability to add bookmarks.

Elon Musk is undoubtedly a very big fan of memecoins, with Dogecoin, a Shiba Inu dog breed-themed coin topping the charts. Musk has a reputation for influencing the market’s reaction to Dogecoin with its assumably bullish tweets over time. Musk’s preference for Dogecoin over Bitcoin (BTC) for daily transactions is well known, and perhaps influenced the current recommendation to Twitter.

Chances of Elon Musk’s Recommendation Coming Through

By rights, Elon Musk’s position as the largest shareholder in the social media company qualifies him to make proposals that should be highly considered by CEO Parag Agrawal. 

It is on this premise that a seat on the Board was offered to Musk, a gesture which he has notably declined.

“Elon has decided not to join our board,” Agrawal wrote on Twitter Sunday. “I sent a brief note to the company, sharing with you all here.”

Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk

— Parag Agrawal (@paraga) April 11, 2022

“We were excited to collaborate and clear about the risks,” he wrote. “We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders was the best path forward.”

Despite this shift in stance, Agrawal affirmed that the company will take suggestions from Musk seriously, and with this, the hopes of seeing Dogecoin payments integration is high.