• Tue. May 28th, 2024

Dogecoin Investors Celebrate as Twitter Accepts Elon Musk’s Buyout Offer

Hassan Mehmood

ByHassan Mehmood

May 19, 2022

The influential social media crust of Dogecoin supporters and promoters on Twitter is currently celebrating. The cause of the celebration is the finalization of the Twitter purchase by Tesla CEO Elon Musk for $44 billion. Dogecoin investors see this opportunity as an incline for more utility and use cases related to Dogecoin tokens.

The meme currency investors opine that with Twitter under the supervision of Musk, the Doge token will see more interaction and higher integration in financial transaction matters. A positive allusion to the same idea was made during a recent Twitter conversation between Dogecoin developer Billy Markus and Tesla CEO Elon Musk.

Dogecoin Co-Founder Billy Markus Aims to Make Dogecoin Payments Possible for Commercial Users

Dogecoin co-founder Billy Markus recently took to Twitter to talk about the immediate development potential for the meme currency. Markus put together a 3 point agenda to add more worth to the use cases of the meme currency.

His agenda includes making an Ethereum and Doge cross-bridge, introducing Dogecoin as the tipping jar currency on Twitter, and making Dogecoin payments possible for commercial contractors of Twitter.

According to Markus, Doge has the potential to work as a legal currency, used for entertainment and art-related projects, and be compatible with Web-3 innovations. He further explained that Dogecoin could also pave the way to create a compatible IMO.

Meanwhile, Markus is also planning to lay the foundation of crypto-specific market assessment tools with Doge performance research that is independent of traditional stock markets.

In an open conversation with Dogecoin co-founder Billy Markus, Musk claimed that he is good at the prospect of Dogecoin becoming a tipping Jar currency and commercial compensation options on Twitter. However, he showed skepticism towards Dogecoin integration with Web 3-related platforms.

However, Markus iterated that he is looking at the future of the meme currency as a supplement for the programming infrastructure.

Markus claimed that with Dogecoin, he envisions investors logging into their digital wallets and tracking their financial activity and track ownership transfer records. In addition to Twitter, Musk has already allowed buyers to make settle their Tesla purchases with Dogecoin.

On the other hand, Dogecoin latent projects are becoming more popular in other companies that Musk manages, like SpaceX and Starlink.

Hassan Mehmood

Hassan Mehmood

Hassan Mehmood, a valued writer at Big Trends Signals, uses his profound online trading expertise to produce in-depth guides and unbiased reviews, enabling traders to navigate digital marketplaces efficiently.

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