Elon Musk's investment in Twitter has been one of the main drivers of the Dogecoin price In the last months.
During the last week, Dogecoin has rallied by 22% due to rumors that Elon Musk might make it a payment currency on Twitter.
Rumors have begun after the transcript of a meeting was leaked in which the possibility of adding a payment functionality to the platform. Although nothing is confirmed, the community hopes that Musk chooses Dogecoin as a payment method, since it is one of its main proponents.
On the other hand, since Musk announced the purchase of Twitter, the community has not stopped speculating about the possibility of implementing crypto functionalities. The billionaire has already Dogecoin was chosen as a payment method for Tesla and SpaceX merchandising, so it is not unreasonable that it will also bet on the meme coin for the social network.
A roadmap for Twitter 2.0
On Sunday, Elon Musk shared on his Twitter account parts of a presentation, addressed to employees, of the Roadmap of what “Twitter 2.0” will be like.
Among the features that were presented for the new iteration of the platform, Musk hinted at the possibility of implementing encryption for direct messages, as well as a new format for long tweets.
One of the slides in the presentation also pointed to a native payment system, although this part of the presentation had several blank spaces, which has led users to speculate that Dogecoin could be the currency chosen for this system.
Since the rumors appeared, Dogecoin has gone from quoted at $0,075 to be above $0.10.
Twitter could bring the next 200 million users to the blockchain
Charles Hoskinson, Cardano creator believes that Elon Musk could attract the next 200 million users to crypto, thanks to his ideas to transform Twitter.
During Web Summit 2022, Hoskinson explained that crypto adoption is accelerating and that the next big escalation will take place thanks to the implementation of functionalities blockchain on Twitter, especially if some payment functionality using Dogecoin is integrated.
Hoskinson reinforces his theory by explaining that this would be the reason why Binance invested in the purchase of Twitter, together with Musk.
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