It won’t be long until Twitter starts to incorporate cryptocurrency payments into its services. The adoption of cryptocurrencies on the social media platform is more likely now than it has ever been, especially with Elon Musk in charge. It is crucial to evaluate which cryptocurrencies have the potential of appearing on Twitter payments in this scenario. Recent rumours claimed that Musk wanted to charge Twitter users a monthly fee.
The introduction of cryptocurrencies to pay for Twitter membership costs was consequently predicted to happen shortly. Although most Twitter users are reportedly hesitant to choose the subscription-based service, the shift might be a big game changer. According to experts, the subscription-based business model would increase Twitter’s income as well as address its content control issue.
The prospective integration of Twitter’s cryptocurrency payments might be advantageous for a number of cryptocurrencies. Ran Neuner, a prominent cryptocurrency figure, thinks the decision would also assist Binance’s stablecoin BUSD. Dogecoin (DOGE), a meme coin, maybe the first to be used in cryptocurrency payments thanks to Elon Musk’s endorsement. Due to its size and influence, Bitcoin (BTC) would also have a chance to compete with DOGE. Tesla already permits some DOGE purchases on specific Tesla products.
Given the popularity of the projects, Twitter may also take into account integrating Shiba Inu (SHIB) and Ethereum (ETH) in addition to these digital currencies.
