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Elon Musk Wants Twitter Payments System to Accommodate Crypto: FT
DOGE spiked on the news.
Twitter is designing a system to permit payments through the social-media platform, and although billionaire owner Elon Musk wants it "first and foremost" to be for fiat currencies, he wants the ability to add cryptocurrencies later, the Financial Times reported Monday.
Dogecoin (DOGE) spiked to its 24-hour high after the news broke. Musk has long professed a love of the meme coin.
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Read more: Dogecoin Soars as Elon Musk's Twitter Deal Nears Completion
Nick Baker
Nick Baker was CoinDesk's deputy editor-in-chief. He won a Loeb Award for editing CoinDesk's coverage of FTX's Sam Bankman-Fried, including Ian Allison's scoop that caused SBF's empire to collapse. Before joining in 2022, he worked at Bloomberg News for 16 years as a reporter, editor and manager. Previously, he was a reporter at Dow Jones Newswires, wrote for The Wall Street Journal and earned a journalism degree from Ohio University. He owns more than $1,000 of BTC and SOL.
