Elon Musk, a new member of the Twitter Board, suggests adding the Dogecoin payment option Elon Musk, CEO of Tesla and SpaceX purchased a 9.2% share in Twitter. He was then appointed to the board. Now, the billionaire made several propositions to the social media giant’s paid subscription plan, one of which sees the implementation of Dogecoin payments.
Musk, as reported by the Securities and Exchange Commission, filed documents proving that he had purchased more than 70 million Twitter shares. He is now one of the largest TWTR stockholders. Days later, news broke that the billionaire became a board member and suggested “significant improvements” for the platform. Twitter CEO Parag Agrawal welcomed the move, saying Musk will bring “great value” to the board. It didn’t take long for Musk to outline several propositions. Musk made a series of tweets in which he suggested that the subscription cost should be decreased from $3 to $1 per month to $12, and that 12 months upfront payment should be required under certain conditions.
He also wants the pricing to be “proportionate to affordability and in the local currency,” as well as removing all ads for subscribers. Musk is the final word. proposedDogecoin was added as a payment option. He is the undisputed most prominent advocate of the first-ever memecoin. He has repeatedly emphasized his belief in it for years. Aside from being a DOGE investor, Musk has taken every opportunity to praise the cryptocurrency and even one of the companies he runs — Tesla — accepts Dogecoin payments. So far, though, there’s no response from the Twitter officials.