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Elon Musk Proposes More Dogecoin Payment Option For Twitter Service

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

As reported by CryptoWallCity earlier this month, Elon Musk filed documents with the Securities and Exchange Commission showing that he had purchased more than 70 million shares of Twitter, making him one of only two major best TWTR stock owners.

A few days later, news broke that the billionaire had become a board member and proposed “significant improvements” to the platform. Twitter CEO Parag Agrawal welcomed the move, saying Musk would bring “great value” to the board.

It didn’t take long for Musk to draft some proposals. In a series of tweets, he suggested that the subscription price should drop from $3 to $2 per month but 12 months upfront with certain conditions.

He also wants pricing to be “commensurate with affordability and local currency,” as well as remove all advertising for subscribers.

Finally, Elon Musk suggested the addition of Dogecoin as a payment method. He is arguably the most influential person for the first memecoin and has highlighted 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, which accepts payments in Dogecoin.

However, so far there has been no response from Twitter officials.