The acquisition of Twitter by Elon Musk has aroused the enthusiasm of most crypto enthusiasts. A longstanding question was whether the purchase would pave the way for accepting cryptocurrencies as a form of payment. The potential “Payments” feature, dubbed Twitter 2.0 as part of Twitter’s vision, has fueled speculation. According to experts and market traders/investors, some altcoins are the most likely options to integrate into this payment method. Here are the details…
Elon Musk has long supported Dogecoin (DOGE)
Of course, Dogecoin (DOGE) is a must on the list. After all, Musk has often been labeled the father of Dogecoin for his support of the meme cryptocurrency. Created in 2013, the token has often been referred to as a joke coin due to its limited use. When Musk bought Twitter, DOGE was the first cryptocurrency to earn strong. In early November, Binance announced the Bluebird Index, which also includes DOGE. As you know, the “blue bird” is associated with the Twitter logo. This has fueled speculation that the crypto exchange is preparing to track cryptocurrencies accepted by Twitter.
Coin of the largest exchange: Binance Coin (BNB)
Binance (BNB/USD) is the other most talked about cryptocurrency for Twitter payment. cryptocoin.com As we have also reported, it is the native token of Binance, the world’s largest crypto exchange. Binance helped Musk buy Twitter. It has fueled speculation that the billionaire investor might reciprocate his gratitude by accepting BNB as payment. Besides that, BNB is now part of the Bluebird Index. Binance CEO also hinted at possible support for BNB on Twitter.
Last coin on the list: Mask
The Mask Network token (MASK/USD) is the latest cryptocurrency in the Binance Bluebird Index. The launch of the index was followed by a strong rise in the price of MASK as investors predicted Twitter could cut its payout. After all, CZ supported the idea of using several cryptocurrencies in Twitter’s payment module. Its inclusion in the Bluebird index is seen as the clearest sign that MASK is a cryptocurrency to watch if Twitter implements payments.
There are many cryptocurrencies that are expected to be preferred for Twitter payments. However, DOGE, BNB and MASK occupy the first places. Price action will grab the attention of investors if Twitter and Musk give their next clue. However, it is worth noting that the coins mentioned in this article will not be used on Twitter for sure. These are mostly listed in parallel with the Bluebird index. However, unless there is an official statement from Elon Musk or Twitter, it may be a wrong investment move to assume that these cryptos will be used on Twitter.
