HomeOPINIONWill Dogecoin be integrated into Twitter’s upcoming payment system?

Will Dogecoin be integrated into Twitter’s upcoming payment system?


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As X (formerly Twitter) gears up to integrate crypto payments, there are growing speculations that the meme coin king, Dogecoin could be finding its way into the renowned social networking platform. This speculation is fueled by Twitter’s announcement that it would not be launching a native token. Twitter boss, Elon Musk is an indisputable admirer of the meme coin and has on numerous occasions shown support for the token.

At a time, Musk revealed why he loved Dogecoin. While speaking in an interview, the Tesla boss praised Dogecoin’s novelty, saying it gives it numerous applications that can help it grow in terms of utility.

Elon Musk’s support for Dogecoin

While no one can categorically tell exactly when Elon Musk started admiring Doge, there’s no doubt that his first public support for the token unfolded in 2019. In a tweet, the Billionaire was quoted saying “Dogecoin might be my fav cryptocurrency, It’s pretty cool.” Apart from spiking its value by 20%, the tweet also increased its search rate. Since that time, Musk has made several bullish statements about Dogecoin, and each of them impacted the token positively.

Although Dogecoin started as a joke between two notable engineers, Jackson Palmer, and Billy Markus, it has grown to become one of the top digital assets in the space, thanks to its vibrant community. Today, Dogecoin is the largest meme coin by market capitalization. It boasts a market cap of over $25 billion as of the time of writing.

Despite being a meme coin, Dogecoin has gained traction with its adoption as a medium of payment, particularly by Tesla, a renowned electric vehicle firm. Tesla’s adoption of Dogecoin surfaced in 2022 when the electric car-making firm revealed that it would accept payments for accessories in Dogecoin.

At press time, Dogecoin can be used to buy Cyberquad for Kids, Giga Texas Belt Buckle, Cyberwhistle, and some other select merchandise on Tesla. Elon Musk’s admiration for the token played a critical role in this decision. In reaction to this news, Dogecoin surged by over 9%.

Moreover, another firm owned by Elon Musk, SpaceX also accepts Dogecoin, fueling speculation that Twitter could follow the same route.

How Elon Musk’s takeover of Twitter fuels Dogecoin speculation?

After a controversial takeover of Twitter by Elon Musk, many analysts have been predicting that Dogecoin will be integrated into the payment segment of the brand. That’s why the news of the acquisition triggered almost 15% surge in the value of the token. Prior to its acquisition, Twitter had in 2021 experimented Bitcoin as a payment method for tipping. That incident was the first time in which crypto was used as a medium of payment on any social media platform.

In early 2024, Twitter revived its goal to integrate crypto after launching a dedicated X payments account on its platform. While announcing “X Payments,” the firm said it will feature a gold verification badge along with a unique X logo. The company also revealed its plan to roll out peer-peer payments later this year.

Elon Musk already hinted the possibility of a potential launch of this feature by mid-2024. To actualize this goal, X has obtained numerous regulatory licenses across several U.S states. These regulatory certifications gives X the chance to offer similar payment services like PayPal. More so, it represents a significant step forward in Musk’s goal to transform X into an “everything app” brand.

Amid speculation about a potential integration into the payment system, Dogecoin surged again by 10% on the price charts. Members of the Doge community speculate possible utility for the meme coin king within the Twitter ecosystem.


At press time, neither Elon Musk nor X has confirmed possible Dogecoin integration into the payment system. However, considering the height of support he has given to the token in recent years, it might happen. The benefit that this possibility can bring to Dogecoin is massive and its community cannot wait for it to come to reality.

Olaleye Komolafe
Olaleye Komolafe
Olaleye is a professional reporter with vast experience in web3, cryptocurrencies, and NFT journalism. He enjoys writing about the evolving metaverse sphere and the prevalence in the crypto sphere. Notably, some of his contents have been published in numerous international publications. Away from the crypto world, Olaleye is a political scientist and a lover of football

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