Elon Musk’s X and the Potential Role of Dogecoin in its Future

Since Elon Musk’s acquisition of X (formerly Twitter), the social media platform has undergone significant transformations that have captured the attention of crypto enthusiasts worldwide. With each new change, speculation grows about the potential integration of Dogecoin into X’s grand plan.

X Steps Up Its Game With Audio/Video Call Addition

Founded in 2006 as Twitter, the platform had remained focused on its micro-blogging roots until Elon Musk’s acquisition for a staggering $44 billion in October 2022. Musk wasted no time implementing drastic changes within the company, including staff reductions and the introduction of a paid verification system. Now, the next anticipated addition is the implementation of audio and video calling features.

According to a recent X post by Musk, the development of these functionalities is already in progress and will be compatible with major operating systems such as iOS, Android, Mac, and PC. Notably, X users will not require a phone number for making calls, as usernames are expected to suffice.

Musk also mentioned that although encryption would not be available initially, the team is actively working on incorporating the ability to turn encryption on or off as needed. He explained that while encryption adds a slight lag, it may not be essential for most calls, thereby ensuring better call quality.

How Does Dogecoin Fit In?

Recently, X (formerly Twitter) received approval for a payment services license across multiple US states, thus fueling speculations of the platform’s move into the payments domain. This momentum came after the introduction of X’s revenue share system, which allows Blue accounts to receive a portion of the company’s ad revenue. While payments are currently processed through Stripe, rumors have circulated that X may develop its own payment system in the near future.

Building on this development, there are growing expectations that Musk might consider integrating Dogecoin as a means for users to receive their revenue share. Such an integration would result in X disbursing Dogecoin to millions of users worldwide, significantly increasing the exposure and adoption of DOGE by over tenfold.

It is worth noting that neither Musk nor X has made any official statements regarding the integration of Dogecoin for payments. However, Musk’s continued inclusion of the Dogecoin symbol in his bio alongside the X symbol suggests his unwavering support for the meme coin, which he has publicly referred to as his “favorite cryptocurrency.”

As X continues to evolve under Elon Musk’s guidance, the question of Dogecoin’s role in the platform’s future remains open. With its growing popularity and the potential for seamless integration within X’s ecosystem, Dogecoin enthusiasts eagerly await confirmation of its inclusion and the possibility of further catapulting the cryptocurrency into the mainstream.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The NFT and cryptocurrency market is highly volatile, and readers should conduct thorough research before making any investment decisions.

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