Cardano’s Charles Hoskinson believes that Elon Musk may soon merge Dogecoin with Twitter
Musk had earlier tweeted his intention of adding Doge payment integration to Twitter.
Cardano’s founder and IOHK head, Charles Hoskinson, believes that Dogecoin could soon merge with Twitter now that the internet’s “Dogefather,” Elon Musk, has taken control of the social media platform.
Users Are Anticipating Doge Payments On Twitter
After months of negotiations and legal battles, Tesla’s CEO, Elon Musk, has finally taken control of the popular microblogging website, Twitter. The cryptocurrency industry is buzzing with rumours about whether Musk will make fundamental changes to Twitter’s infrastructure connected to cryptocurrencies, beginning with integrating crypto payments, given his new role as the website’s CEO.
With speculations related to Doge running wild, Cardano’s founder and CEO of Input Output, Charles Hoskinson, has tweeted his own assumption, adding that Musk could soon merge the Dogecoin cryptocurrency with Twitter.
Musk has long been known as a staunch Dogecoin proponent. The Tesla CEO has often given multiple statements concerning Dogecoin, calling it a people’s crypto in one of his interviews. He later referred to Dogecoin as a cryptocurrency which has better transactional value than Bitcoin and has also stated once that he could soon onboard Doge payments once he acquires Twitter for good.
“The speculation is that advertisers could be able to pay DOGE for ads and other uses on Twitter. We have seen the same happening when Tesla revealed the ability to pay for its goods with DOGE. So the speculation could be around Musk’s businesses and stakeholdings starting to accept crypto, as Tesla does. ” Kryotomon’s CMO, Tomar Nun, told Forbes
Hoskinson later shared how he believes Dogecoin should be a side chain of Cardano and offered to do a migration for free to materialise the thought. He later added how he would add smart contracts to improve the chain’s functionality.
With Musk’s recent Twitter acquisition deal, the prices of Dogecoin have skyrocketed past 30% in the last 24 hours. Doge’s recent rally is closely tied to Musk’s new deal, spurred by the hopes that Dogecoin may soon find its integration on the newly acquired social media platform. At press time, the token is up 36% and is trading at $0.1152