Dogecoin Payments Could Finally Be Coming to Twitter
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Twitter has applied to become a comprehensive payments processor, according to a filing with the U.S. Treasury Department.
Adding payments would expand Twitter's commercial potential beyond its Twitter Tips feature, launched in partnership with Strike.
It could also revive old plans about incorporating crypto payments, specifically, DOGE, into the platform.
Twitter filed paperwork with the U.S. Treasury Department last week to become a payments processor, which could pave the way for crypto payments.
The move comes as Musk seeks to boost falling advertising revenues at the social media company known as the world’s town square.
According to the New York Times, Twitter filed its registration application with the Financial Crimes Enforcement Network (FinCEN). Any business processing money transfers, currency exchanges, or cash checks must register with FinCEN, the federal bureau responsible for combating illicit finance in the U.S.
But crypto enthusiasts will hope that Musk’s love affair with a certain memecoin will override all other considerations.
Musk’s other company, Tesla, has allowed customers to pay Dogecoin for particular Tesla merchandise via the payments processor BitPay. Its Cyberwhistle, launched on Sep. 14, 2022, retailed for 1,000 DOGE, while a new perfume, “Burnt Hair,” could also be bought with DOGE via BitPay.
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