{"id":517998,"date":"2023-01-30T18:14:05","date_gmt":"2023-01-30T18:14:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=517998"},"modified":"2024-06-11T14:32:04","modified_gmt":"2024-06-11T14:32:04","slug":"dogecoin-surges-6-after-elon-musk-unveils-crypto-payment-master-plan","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin-surges-6-after-elon-musk-unveils-crypto-payment-master-plan\/","title":{"rendered":"Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan"},"content":{"rendered":"

Per a report<\/a> from the Financial Times (FT), Twitter has been trying to find new sources of revenue, and crypto and Dogecoin (DOGE) could be part of a new strategy to achieve this objective. The company has submitted petitions for regulatory licenses in the United States to \u201cturnaround the business.\u201d<\/span><\/strong><\/p>\n

Related Reading: Bitcoin Volatility Ahead? Open Interest Registers Sharp Jump<\/a><\/div>\n

Last year, Musk acquired Twitter in a multi-billion-dollar deal. Since then, many advertisers have left the platform, negatively impacting the company\u2019s revenue stream. The new CEO launched a subscription service and continues to seek an alternative to mitigate the company\u2019s financial problems.\u00a0<\/span><\/p>\n

In that sense, the social network is focused on enabling payments on its platform under the leadership of Esther Crawford, the Financial Times claims. These efforts are a \u201ccritical\u201d element of a larger strategy to bolster the company\u2019s revenue streams.<\/span><\/p>\n

Peer-To-Peer Payments With Dogecoin?<\/h2>\n

The report claims that Elon Musk has publicly revealed his plans to roll out peer-to-peer transactions with bank accounts and debit cards on the network. These features are part of a \u201cmaster plan\u201d to build the \u201ceverything app,\u201d as the report calls it.\u00a0<\/span><\/p>\n

Like other social networks where users can message their contacts, shop, and make payments, Twitter would expand beyond its current services. In this context, cryptocurrencies could play a big role.\u00a0<\/span><\/p>\n

Elon Musk is a big Dogecoin proponent, and any plans to incorporate payments on Twitter include the meme coin naturally. At least, this is the market\u2019s perception of recent events.\u00a0<\/span><\/p>\n

As of this writing, Dogecoin (DOGE) saw a 5% spike in its price action but has been unable to break above critical resistance. The meme coin follows the general sentiment in the market, recording losses during today\u2019s trading session.\u00a0<\/span><\/p>\n

A Twitter \u201csuper app\u201d with Dogecoin payments could usher in a new adoption era for the cryptocurrency and potentially allow it to reclaim previously lost territory. DOGE recorded an all-time high in 2021 on the back of a campaign in its favor spearheaded by Elon Musk and other personalities.\u00a0<\/span><\/p>\n

\"Dogecoin
DOGE’s price trends to the downside on the daily chart. Source: DOGEUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

Twitter\u2019s Master Strategy<\/h3>\n

Furthermore, the FT report claims that Twitter already filed a registration as a payments processor with the U.S. Treasury. This application suggests that, if approved, the Twitter \u201csuper app\u201d could materialize sooner than expected.\u00a0<\/span><\/p>\n

The company is in pursuit of additional licenses, which will be \u201cfiled shortly,\u201d according to the report. This stage precedes an international strategy to obtain the necessary licenses to take Twitter to the next level.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Mining Difficulty Touches New ATH Following 4.68% Adjustment<\/a><\/div>\n

According to Lucy Ingham, head of content at FXC Intelligence, quoted by the FT: \u201cTwitter is already a platform on which payments happen, so it\u2019s kind of a no brainer.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Per a report from the Financial Times (FT), Twitter has been trying to find new sources of revenue, and crypto and Dogecoin (DOGE) could be part of a new strategy to achieve this objective. The company has submitted petitions for regulatory licenses in the United States to \u201cturnaround the business.\u201d Related Reading: Bitcoin Volatility Ahead? Open Interest Registers Sharp Jump Last year, Musk acquired Twitter in a multi-billion-dollar deal. Since then, many advertisers have left the platform, negatively impacting the company\u2019s revenue stream. The new CEO launched a subscription service and continues to seek an alternative to mitigate the company\u2019s financial problems.\u00a0 In that sense, the social network is focused on enabling payments on its platform under the leadership of Esther Crawford, the Financial Times claims. These efforts are a \u201ccritical\u201d element of a larger strategy to bolster the company\u2019s revenue streams. Peer-To-Peer Payments With Dogecoin? The report claims that Elon Musk has publicly revealed his plans to roll out peer-to-peer transactions with bank accounts and debit cards on the network. These features are part of a \u201cmaster plan\u201d to build the \u201ceverything app,\u201d as the report calls it.\u00a0 Like other social networks where users can message their contacts, shop, and make payments, Twitter would expand beyond its current services. In this context, cryptocurrencies could play a big role.\u00a0 Elon Musk is a big Dogecoin proponent, and any plans to incorporate payments on Twitter include the meme coin naturally. At least, this is the market\u2019s perception of recent events.\u00a0 As of this writing, Dogecoin (DOGE) saw a 5% spike in its price action but has been unable to break above critical resistance. The meme coin follows the general sentiment in the market, recording losses during today\u2019s trading session.\u00a0 A Twitter \u201csuper app\u201d with Dogecoin payments could usher in a new adoption era for the cryptocurrency and potentially allow it to reclaim previously lost territory. DOGE recorded an all-time high in 2021 on the back of a campaign in its favor spearheaded by Elon Musk and other personalities.\u00a0 Twitter\u2019s Master Strategy Furthermore, the FT report claims that Twitter already filed a registration as a payments processor with the U.S. Treasury. This application suggests that, if approved, the Twitter \u201csuper app\u201d could materialize sooner than expected.\u00a0 The company is in pursuit of additional licenses, which will be \u201cfiled shortly,\u201d according to the report. This stage precedes an international strategy to obtain the necessary licenses to take Twitter to the next level.\u00a0 Related Reading: Bitcoin Mining Difficulty Touches New ATH Following 4.68% Adjustment According to Lucy Ingham, head of content at FXC Intelligence, quoted by the FT: \u201cTwitter is already a platform on which payments happen, so it\u2019s kind of a no brainer.\u201d<\/p>\n","protected":false},"author":535,"featured_media":513011,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1785,7,79600],"class_list":["post-517998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-doge","tag-dogecoin","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Surges 6% After Elon Musk Unveils Crypto Master Plan<\/title>\n<meta name=\"description\" content=\"Twitter 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Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/uniquehot.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan","url":"http:\/\/uniquehot.com\/news\/dogecoin-surges-6-after-elon-musk-unveils-crypto-payment-master-plan\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dogecoin-surges-6-after-elon-musk-unveils-crypto-payment-master-plan\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Dogecoin.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Dogecoin.png?fit=731%2C486"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge","dogecoin","dogeusdt"],"dateCreated":"2023-01-30T18:14:05Z","datePublished":"2023-01-30T18:14:05Z","dateModified":"2024-06-11T14:32:04Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin-surges-6-after-elon-musk-unveils-crypto-payment-master-plan\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin-surges-6-after-elon-musk-unveils-crypto-payment-master-plan\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Dogecoin.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Dogecoin.png?fit=731%2C486\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\",\"dogecoin\",\"dogeusdt\"],\"dateCreated\":\"2023-01-30T18:14:05Z\",\"datePublished\":\"2023-01-30T18:14:05Z\",\"dateModified\":\"2024-06-11T14:32:04Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Dogecoin.png?fit=731%2C486","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/517998"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=517998"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/517998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/513011"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=517998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=517998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=517998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}