Billionaire Elon Musk, a Dogecoin supporter, has seemingly been on a journey to eliminate bots from the X (formerly Twitter) platform after acquiring it back in 2022 for $54 billion. With multiple measures already put in place still not efficiently reducing the number of bots on the platform, Musk has moved on to a new strategy that involves paying to use X. But does Dogecoin fit into the payment plans?
Elon Musk Wants X Users To Pay To Play
In an interesting turn of events, Elon Musk is considering putting the entire X site behind a paywall. The billionaire revealed this while talking with Israeli Prime Minister Benjamin Netanyahu. According to Musk, he is considering this option as a way to reduce the bot activity on the social media platform.
Musk reasons that if all accounts have to pay a fee to access the platform, it would make it more expensive for the bad actors who create these bots to keep up their activities. And hopefully, higher costs of operations would lead to a decrease in those deploying the bots.
Explaining how the payments would work for each account, the SpaceX CEO said that X would introduce a “lower tier of pricing.” In this case, each account would pay a small fee just to access the platform, which would be separate from the fee users already have to pay to access its X Blue premium service.
He puts forward that given that these bots cost so little to deploy, as little as a fraction of a penny, making each account pay a few dollars to access the platform would increase their operating cost very drastically. Musk also seems to be at the end of his rope with the bot issues, telling the Prime Minister that this is “the only way I can think of to combat vast armies of bots.”
DOGE price struggles at $0.062 | Source: DOGEUSD on Tradingview.com
Does Dogecoin Fit Into This Plan?
Ever since Elon Musk took over the X platform, Dogecoin investors have waited with bated breaths to see if he would finally implement DOGE payments on the platform as he has talked about before.
These speculations are further fueled by the fact that Musk has gone on to implement a significant portion of ideas that he had for a social media platform highlighted in his recently released biography.
However, despite remaining a staunch supporter of the meme coin, there has been nothing from Musk to signify if Dogecoin payments are coming to X. But given that DOGE excels at such micro-transactions that would be implemented if X turns into a ‘pay-to-play’ service, it could be a good option for the platform.