Is Elon Musk Considering SHIB Payments in Twitter Overhaul?
- Elon Musk adjusted his social network’s brand to a Shiba Inu dog without significant impact.
- Musk changed the blue bird logo Twitter desktop version to the white X on black background.
- Users are anticipating more changes for the rebranded social network.
Elon Musk, the owner of X (formerly Twitter), posted about a period when he adjusted the social network’s brand to a Shiba Inu dog without any significant impact. Musk tweeted in reply to Jonah Katz, one of the engineers at X, who claimed he would still be active on the site even if it rebranded its logo to a donkey.
The discussion arose amid the ongoing total rebranding of Twitter to Elon Musk’s X, a brand he has held for many years. After changing the blue bird logo on the desktop version to the white X on a black background, some X users are anticipating more changes for the social network.
Users on the rebranded social network are keen on the possibility of crypto being adopted for collecting and distributing revenues on the platform. The current system uses fiat to make settlements for the various payment categories. However, users expect crypto payment to form part of the rebranding embarked upon by Musk.
Musk has been one of the biggest supporters of Dogecoin in the past few years. As a result, many users think he would adopt DOGE as a payment instrument on X. Following a prompt by Asuna Gilfoyle, president and chief innovation officer at Gilfoyle Philanthropies, another X user identifying as ShibaInuHodler expressed excitement at the prospect of X integrating SHIB and DOGE in payments.
Focusing on Shiba Inu, CryptoLollla, a SHIB supporter on X, thinks replacing fiat with SHIB for payments on X will impact the meme coin’s value significantly, contrary to Musk’s earlier impression. CryptoLollla believes having SHIB in its coffers will encourage the X community to become more vocal about the digital asset, creating an unprecedented network effect.
The full extent of Musk’s rebranding efforts is still unknown. However, he explained that the rebranding became necessary following fundamental changes on how users can participate on the social network. According to Musk, the X management will add comprehensive communications, and the ability to conduct robust financial processes in the coming months.
Comments
Post a Comment