New Twitter Board Member Elon Musk Suggests Adding Dogecoin Payment Option

Elon Musk Argues Dogecoin Better Suited for Payments Than Bitcoin

Tesla and SpaceX CEO Elon Musk bought a 9.2% stake in the recently famous Twitter and was named to the board shortly after. Now, the billionaire has several proposals for the social media giant’s paid subscription plans, one of which is the implementation of Dogecoin payments.

As CryptoPotato reported earlier this month, Musk’s SEC filing revealed that he purchased more than 70 million Twitter shares, making him one of TWTR’s two largest shareholders. Days later, news broke that the billionaire had become a board member and suggested “significant improvements” to the platform. Twitter CEO Parag Agrawal welcomed the move, saying Musk would bring “tremendous value” to the board. It didn’t take long for Musk to outline several proposals. In a series of tweets, he suggested that subscription prices should drop from $3 a month to $2 a month, with a 12-month advance payment under certain conditions.

He also wants pricing “proportional to affordability and local currency” and removes all advertising for subscribers. Finally, Musk proposed adding Dogecoin as a payment method. He is arguably the most influential proponent of the first-ever memecoin and has emphasized his belief in the asset over the years. In addition to being a DOGE investor, Musk has taken every opportunity to praise cryptocurrencies, and even one of the companies he runs — Tesla — accepts payments in Dogecoin. However, so far, Twitter officials have not responded.

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