Elon Musk has been an active defender of Dogecoin since his first tweet in 2019, and his recent actions suggest that he is preparing to further expand DOGE’s utility into his own business ventures. Notably, Tesla, Inc. (NASDAQ:TSLA) began accepting DOGE as payment for goods after Musk visited the Berlin Gigafactory, where the idea gained traction. This quiet launch on Tesla’s website caused the price of DOGE to surge by more than 20% shortly after enthusiasts noticed the update.
At the same time, Musk’s social media platform, X, formerly known as Twitter, is also setting the stage for broader cryptocurrency use. X is actively acquiring payment licenses across the U.S., currently holding 25 and expected to secure more. These developments are important in paving the way for potential DOGE integration by facilitating peer-to-peer transactions similar to Venmo or Cash App.
Musk’s interest in integrating DOGE into Originally posted by a user involved with DOGE’s UX/UI design, this retweet lays out a 360-degree vision for Musk’s online payments involvement, dating back to his early career at X.com, which later evolved into PayPal (NASDAQ:PYPL). .
X’s roadmap toward DOGE integration looks promising, but it faces regulatory challenges. Despite these obstacles, Musk’s efforts to obtain the necessary licenses signal a strong commitment to transforming
Featured Image: Freepik
Please see disclaimer