Elon Musk's X Could Allow Dogecoin Payments And Tips, Says MyDoge Wallet's CTO: 'I Honestly Believe This Was Coming'
Portfolio Pulse from Mehab Qureshi
Alex Lewis, CTO of MyDoge Wallet, discussed the potential for Dogecoin (DOGE) payments on Elon Musk's X platform. X has applied for licenses to become a custodial service and received a CTL from Rhode Island, indicating progress towards crypto payments. Musk has shown interest in integrating Dogecoin into X, but no formal announcement has been made. DOGE's price was slightly up at the time of reporting.
December 21, 2023 | 5:00 am
News sentiment analysis
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POSITIVE IMPACT
The potential integration of Dogecoin for payments and tips on Elon Musk's X platform could increase the utility and adoption of DOGE, potentially leading to a positive impact on its price in the short term.
The news about the potential for Dogecoin to be used for payments and tips on X platform is directly related to DOGE. If X, led by Elon Musk, integrates DOGE, it could lead to increased demand and usage, which is typically positive for the price. However, since there is no formal announcement yet, the confidence in the impact is moderate.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80