11/1/2022 | Capital.com
Dogecoin payment for blue check marks, Twitter Blue is getting pricier by the day as DOGE price skyrockets
Elon Musk, CEO of Tesla, SpaceX and now Twitter, has been heavily criticised for proposing that influential people on the microblogging platform should pay for their verified blue check marks.
Musk has suggested that verified users should pay a monthly fee for the blue ticks on their handle, with the price ranging from $5 to $20.
The author Stephen King made his opinion clear of what he thinks of this move, tweeting: “F*ck that, they should pay me.”
Musk responded to King with a tweet that said: “We need to pay the bills somehow! Twitter cannot rely entirely on advertisers. How about $8?
“I will explain the rationale in longer form before this is implemented. It is the only way to defeat the bots and trolls.”
However, Musk’s announcements and purchasing of Twitter have all resulted in a price rise for dogecoin (DOGE).
Musk has been alluding to DOGE integration since he took over the company and tweeted out an image of a dog with a Twitter logo wrapped around it, and a Hallowe’en pumpkin with a Twitter logo on 31 October with a winking face emoji.
David Gokhshtein, who has a blue tick check mark on Twitter, said in response to this: “Elon out here letting everyone know that he’s essentially going to make DOGE the main cryptocurrency on Twitter.”
Gokhshtein is the founder of Gokhshtein Media, a blockchain media company.
Dogecoin is enjoying price increases across the board. It is up by 12.51% compared to the previous day and 127.63% to the previous week on 1 November according to CoinMarketCap.
When Musk was Twitter’s largest shareholder earlier this year, he suggested that everyone who signs up for Twitter Blue could potentially pay for it with DOGE.
Twitter Blue offers users “exclusive access to premium features” and has only been launched in the United States, Canada, Australia and New Zealand so far.
Currently, users pay $4.99 per month for Twitter Blue.