In a bid to eradicate the growing problem of bots on the X platform, billionaire entrepreneur Elon Musk has hinted at the possibility of turning the social media platform into a pay-to-play service. This drastic move is aimed at deterring bad actors from engaging in malicious activities by increasing their operational costs. However, amidst these discussions, many wonder if Musk’s beloved cryptocurrency, Dogecoin, will find a place in this new payment plan.

Elon Musk’s Payment Strategy:
In a recent conversation with Israeli Prime Minister Benjamin Netanyahu, Elon Musk revealed his plan to potentially put the entire X platform behind a paywall. His rationale behind this approach is to deter bot creators by making their activities more expensive to sustain. By introducing a lower-tier pricing structure, all accounts would have to pay a nominal fee to access the platform, in addition to the existing fee required for X Blue premium service. This increased operational cost for bots, as compared to the minimal cost of deployment, could be a potent deterrent in combatting the bot armies that plague the platform.

The Role of Dogecoin:
Since acquiring X, Elon Musk’s support for Dogecoin has been widely known. Speculations have been rife, with investors eagerly awaiting the integration of DOGE payments onto the platform. The fact that Musk has already implemented various ideas from his biography─concerning the creation of a social media platform─has only fueled this anticipation further.

Nonetheless, while Musk remains a fervent backer of the meme-inspired cryptocurrency, there has been no confirmation or indication as to whether Dogecoin payments will be adopted on X. Nevertheless, given DOGE’s suitability for micro-transactions, which would be integral to a pay-to-play X service, it stands as a viable option for the platform.

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.