Elon Musk Proposes Dogecoin For Twitter's Blue Premium Subscription Payment
NDTV
Elon Musk suggested changes to Twitter's premium subscription, including slashing its price, banning advertising and an option to pay using dogecoin.
Elon Musk, Twitter Inc's biggest shareholder, on Saturday suggested a raft of changes to the social media giant's Twitter Blue premium subscription service, including slashing its price, banning advertising and giving an option to pay in the cryptocurrency dogecoin.
Musk, who disclosed a 9.2 per cent stake in Twitter just days ago, was offered a seat on its board of directors, a move which made some Twitter employees panic over the future of its ability to moderate content.
Twitter Blue, launched in June 2021, is Twitter's first subscription service and offers "exclusive access to premium features" on a monthly subscription basis, Twitter says. It is available in the United States, Canada, Australia and New Zealand.
In a Twitter post, the head of electric vehicle maker Tesla Inc suggested that users who sign up for Twitter Blue should pay significantly less than the current $2.99 a month, and should get an authentication checkmark as well as an option to pay in local currency.
