Since billionaire Elon Musk took over, his X (formerly known as Twitter) has been going through an interesting phase, and cryptocurrency enthusiasts can’t help but hope that Dogecoin will be included in the grand scheme of things. That’s because the social media platform has gone through some bold changes so far, so speculation abounds that Dogecoin might fit into it all.
X ups its game by adding audio/video calling
Since its founding in 2006 by Jack Dorsey and three others, the Twitter (formerly known) platform has stayed very close to its original mission as a microblogging site. That means the social media giant isn’t looking for flashy bells and whistles like audio and video calling capabilities. Until Elon Musk made good on his promise to buy the site for $44 billion in October 2022.
Musk then made major changes to the company, such as laying off most of its workforce and implementing a paid verification system. The latest in this string of changes is a yet-to-be-announced audio and video calling system.
According to Musk’s X post, new features are already in development and support the most important operating systems. This includes iOS and Android mobile operating systems, as well as support for Mac and PC. Also, users don’t need a phone number to make these calls, a username may suffice.
Video and audio calls in X:
– Available for iOS, Android, Mac and PC
– No phone number required
– X is a valid global address bookThis set of factors is unique.
— Elon Musk (@elonmusk) August 31, 2023
Replying to another X user, Musk also explained that while calls won’t be encrypted at first, development will continue to include the ability to turn encryption on and off when needed.
Not at first, but we’ll be adding the ability to dynamically turn encryption on or off.
Encryption necessarily has a slight lag. Most of the time encryption is not important and call quality will be better.
— Elon Musk (@elonmusk) August 31, 2023
How does Dogecoin fit into this?
Earlier this week, news broke that X (formerly Twitter) had received a license to provide payment services in several US states. After more than a year of speculation that the social media platform could enter the payments space, a license has been approved.
Previously, X activated its revenue-sharing system, with blue accounts receiving a portion of the advertising revenue the company received. Currently, the platform is using Stripe to process payments, but there are rumors that X may soon switch to its own payment system.
The expectation from this is that Musk may decide to integrate Dogecoin as a way for users to get a share of the revenue. In this case, X will pay Dogecoin to millions of users around the world, for example increasing the exposure of DOGE by more than 10 times.
At present, neither Musk nor X has indicated that the platform will integrate meme currency for payment. However, Musk still kept the Dogecoin symbol and X symbol on his bio to indicate his location. If anything, it shows that the billionaire remains steadfast in his support of the memecoin he calls his “favorite cryptocurrency.”
DOGE price sees brief recovery following downturn | Source: DOGEUSDT on Tradingview.com
