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Billionaire entrepreneur Elon Musk has confirmed that he intends to integrate payments into what he describes as Twitter 2.0 \u2014 \u201cThe Everything App\u201d \u2014\u00a0 fuelling a short-lived 19.4% price surge for meme-inspired cryptocurrency Dogecoin (DOGE).<\/a><\/p>\n The new Twitter CEO revealed his plans in a Nov. 27 tweet to his 119.2 million followers, in which he shared several slides from a recent \u201cTwitter company talk.\u201d<\/p>\n Slides from my Twitter company talk pic.twitter.com\/8LLXrwylta<\/a><\/p>\n \u2014 Elon Musk (@elonmusk) November 27, 2022<\/a><\/p><\/blockquote>\n While Musk made no mention of DOGE in the tweet or in the attached slides, this didn\u2019t appear to stop some investors from being hopeful that Dogecoin would be involved in some way<\/a>.<\/p>\n Payments in Dogecoin? @elonmusk<\/a> #doge<\/a> pic.twitter.com\/DVn93nfdeg<\/a><\/p>\n \u2014 Gail Alfar (@GailAlfarATX) November 27, 2022<\/a><\/p><\/blockquote>\n According<\/a> to data from CoinGecko, Dogecoin\u2019s\u00a0price surged 19.4% from $0.089 to $0.107 over several hours after the tweet before cooling off to $0.096 at the time of writing.<\/p>\n Other plans listed as part of Musk\u2019s vision for Twitter 2.0 included \u201cAdvertising as Entertainment,\u201d \u201cVideo,\u201d \u201cEncrypted DMs,\u201d \u201cLongform Tweets\u201d and \u201cRelaunch Blue Verified.\u201d<\/p>\n Data from the slides also suggest that Musk\u2019s takeover of the company has already made an impact, with the social media platform reaching an all-time high in terms of \u201cnew user signups\u201d and \u201cuser active minutes,\u201d which were up 86% and 30% respectively over the last week in comparison to the same seven day period in 2021. <\/p>\n Related: <\/em><\/strong>Is DOGE really worth the hype even after Musk\u2019s Twitter buyout?<\/em><\/strong><\/a><\/p>\n In October, rumors surfaced of Twitter\u2019s crypto wallet plans after popular tech blogger Jane Manchun Wong speculated in an Oct. 27 tweet that the company had already begun working on a wallet prototype that supports cryptocurrency deposits and withdrawals<\/a>, which led to a DOGE price surge of 40% at the time. <\/p>\n Lior Yaffe, the co-founder of Switzerland-based blockchain software company Jelurida, recently told Cointelegraph that even if Musk were to integrate Dogecoin onto Twitter<\/a>, it wouldn\u2019t be a wise decision:<\/p>\n \u201cEven if they do manage to build a payment system around Twitter, there are much better blockchain solutions than Dogecoin to choose from with regards to security, privacy, smart contracts and scaling.\u201d<\/p><\/blockquote>\n\n
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