DOGE price revives on Elon Musk return to Twitter purchase
Dogecoin ended up 10% yesterday on news of Elon Musk returning to the deal to buy Twitter. Earlier, Musk said that he was considering introducing DOGE payments to Twitter if the social network is bought.
The Twitter deal seemed to have stalled and was awaiting a trial in mid-October, where Musk and the social network’s management would clash over the abandonment of the original plans. However, as became known, the Tesla founder is still ready to go back on his offer and buy the company for a price of about $44 billion.
Twitter itself is ready to accept the offer of the billionaire, as announced by the official account of the social network. It is assumed that after the transaction, an application will be created on the basis of Twitter that will combine several services. Several other funds and investors, including Binance, took part in the deal with Musk.
Blockchain Twitter
If there is still a chance with DOGE payments, then Twitter’s transition to blockchain is clearly not to be expected. Such a proposal was rejected by the potential owner of the social network earlier, when a representative of FTX founder Sam Bankman-Fried offered a detailed initiative to Musk. At the time, Musk said that due to the scale of Twitter’s internal system, it would be impossible to achieve decentralization with a simple peer-to-peer system.
