In response to Elon Musk’s tweet, in which the CEO of Tesla (NASDAQ: TSLA) said that he would remove the outdated blue checkmark system and provide “power to the people!” for just $8 each month, Strike founder and CEO Jack Mallers said on November 2 that the company can integrate Bitcoin Lightning payments for Twitter Blue subscriptions ‘in days.’ Mallers stated that Lightning Network payments which are instant and ‘near-free’ Bitcoin payments, should be an accepted payment method.
Crypto payments for verification well received
Notably, the Lightning Network, a layer-2 scaling solution intended to make BTC transactions quicker and less expensive, has continued to collect use cases. For instance, the introduction of Bitcoin as legal cash in El Salvador has provided the platform with a real-world use case. The increasing capacity of the Lightning Network will potentially lead to a surge in the day-to-day use cases of Bitcoin, like payments and investment opportunities driving the asset’s adoption. Furthermore, the idea of using cryptocurrency payments for verification Twitter Blue purposes has so far been met with positive feedback from cryptocurrency community members. Crypto trading expert, Michaël van de Poppe wrote:
Binance wants to bring Twitter into Web3
Earlier this week, on October 31, Changpeng Zhao, commonly known as “CZ,” the founder and CEO of Binance, stated there are many reasons for supporting the deal, in which Binance invested $500 million into Twitter. CZ said he wants to help bring Twitter into Web3 but also noted his interest in solving Twitter’s payment issues. He said: Elsewhere, many consider that the recent price rally of Dogecoin (DOGE) may be ascribed to the token’s potential use case on Twitter as a payment method, given that Musk’s electric vehicle company Tesla, already allows the use of Dogecoin to purchase merchandise.
