Dogecoin to be used for micropayments on Twitter? - page 6.

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Quote from: avikz on October 11, 2022, 05:46:14 AM

I don't see it happening in reality to be honest. Even though Elon is going ahead with this deal, I don't see Doge is being accepted in Twitter. There are multiple regulatory blockers which will make it very difficult for Elon to roll out such things worldwide...

We remember that Elon Musk previously appealed to the Twitter management with a request to introduce such an opportunity to pay for a premium package with Doge coins. And if such an offer was rejected earlier, now the chances of realizing it will increase very much after Musk becomes the rightful owner of this social network. And this will undoubtedly affect the value of the coin, as it will add even more utility to it.

avikz

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I don't see it happening in reality to be honest. Even though Elon is going ahead with this deal, I don't see Doge is being accepted in Twitter. There are multiple regulatory blockers which will make it very difficult for Elon to roll out such things worldwide.

Yes, it may be possible in US and other crypto friendly nations but can't be rolled out worldwide. Also I am not sure if Doge is actually capable of handling such initiatives.

samcrypto

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Once the deal is final and Elon becomes the biggest shareholder of Twitter, there’s a high possibility that he will introduce cryptocurrency in twitter but of course there’s no assurance for this and no specific token since Elon is hyping other project as well aside from DOGE.

Whatever coin or token it is, once Twitter formally introduce cryptocurrency on it’s platform, that can be a big hype and maybe the start of a bull market.

jossiel

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It would be since there is already the feature going that has been said that will be added for tips on Twitter which has been proposed first with LN.

Elon should put money where his mouth is and if he's really into Doge, he'll add it for Twitter. But more than that, if he's got balls then he'll add it with his other companies and venture.

But, that doesn't how traditional business goes.

danherbias07

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It suddenly looks appealing to buy Dogecoin again. Maybe just for the short-term hype then sell it back quickly.
Definitely, it will boost its value of it but I doubt it will be long. There will also be a big dump once they cannot service everyone due to heavy traffic.
Happened to BNB due to the NFT's that was using the Binance Smart Chain.
They didn't expect a large amount will come and they didn't handle it well. I just hope Dogecoin is ready for that wave before EM applies it or it will just be a disappointment.

tbct_mt2

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Quote from: GreatArkansas on October 10, 2022, 09:45:13 PM

Why? Why Dogecoin? We all know Dogecoin is a meme coin that was built by forking Bitcoin.
So for me, this is impossible to happen (Only Dogecoin) Maybe in the future, there are lot of options buy major are the high market cap coins,
primary for sure will be Bitcoin (Lightning network also), Ethereum, and many more.

It will very likely happen if Elon Must actually buys Twitter. He is a big fan of Dogecoin and I am not doubtful that if he owns Twitter and wants to add new tipping methods for it, Dogecoin will be one of his first priorities.

If you want to explore more about Twitter's Tipping, Bringing tips to everyone

Quote

How does it work?

You’ll know an account has turned on Tips if you see a cash icon next to the Follow button on the profile page. Tap the icon, and you’ll see a list of payment services or platforms that the account has enabled, and you can select whichever you prefer. The services* available so far:

Bandcamp
Barter
Cash App
Chipper
Ethereum Address
Paga
Patreon
Paytm
Razorpay
Wealthsimple Cash
Venmo

And today, we’re adding some new services to the list: GoFundMe – an online fundraising platform – and PicPay – a Brazilian mobile payments platform.

They accept tipping with Bitcoin via Lightning Network too.

adaseb

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Elon has been pumping doge for over a year now. Whenever he can he sends out some doge tweet and the currency goes pumping like crazy within seconds.

He probably won’t try this because i don’t think anyone would use it. Nobody holds doge, even crypto holders and people won’t buy it just to send someone a tip on Twitter.

GreatArkansas

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Why? Why Dogecoin? We all know Dogecoin is a meme coin that was built by forking Bitcoin.
So for me, this is impossible to happen (Only Dogecoin) Maybe in the future, there are lot of options buy major are the high market cap coins,
primary for sure will be Bitcoin (Lightning network also), Ethereum, and many more.

Abiky

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It looks like Elon Musk is going to proceed with the $44B deal to buy Twitter as he has originally planned. The recent news of Elon Musk changing its mind again had a short pump in DOGE's price. If the deal goes through, that would mean Elon Musk will become the new owner of one of the world's most popular social media platforms. Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen? Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts? Huh

Topic: Dogecoin to be used for micropayments on Twitter? - page 6. (Read 1594 times)