Elon Musk Considers ‘Pay To Play’ For X Platform, Dogecoin In The Mix

September 20, 2023
US Presidential Debate: Elon Musk Praises CNN For Non-Partisanship
U.S. AIR FORCE ACADEMY, Colo. -- Tesla Inc. Chief Executive Officer Elon Musk speaks with Lt. Gen. Richard Clark, Superintendent of the U.S. Air Force Academy, during the Ira C. Eaker Distinguished Speaker Presentation in the Academy's Arnold Hall on April 7, 2022 in Colorado Springs, Colo. (U.S. Air Force photo by Trevor cokley)

In a surprising twist, billionaire entrepreneur Elon Musk is contemplating the idea of placing the entire X platform formerly known as Twitter behind a paywall in an effort to combat the persistent issue of bot activity.

This revelation came during a conversation with Israeli Prime Minister Benjamin Netanyahu, where Musk discussed his ongoing battle against bots on the social media platform he acquired in 2022 for a staggering $54 billion.

Join our WhatsApp Channel

Musk’s rationale behind this move is to make it financially prohibitive for malicious actors to deploy and maintain bots on the platform. By requiring all users to pay a fee for access, he hopes to increase the cost of operating these bots substantially.

Explaining the payment structure, Musk mentioned the introduction of a “lower tier of pricing” where each account would pay a nominal fee just to access the platform, separate from the existing fee for X Blue premium service.

This, he believes, will significantly raise the operational costs for bot creators, who currently spend as little as a fraction of a penny to deploy their automated accounts.

READ ALSO: Naira Gains N17 In Official Exchange, Hits N960 In Black Market

Musk appears to be at his wit’s end with the persistent bot problem, stating that this is “the only way I can think of to combat vast armies of bots.”

Since Elon Musk’s acquisition of X, Dogecoin enthusiasts have eagerly awaited the potential integration of DOGE payments on the platform, as Musk had previously hinted. Speculation is further fueled by Musk’s track record of implementing various ideas outlined in his recently released biography for the social media platform.

However, despite his unwavering support for the meme coin, Musk has not confirmed whether Dogecoin payments will indeed be introduced on X. Yet, given DOGE’s proficiency in microtransactions, it remains a viable option for the platform if it evolves into a “pay-to-play” service.

As Elon Musk’s unconventional strategy unfolds, the future of X and its potential partnership with Dogecoin continue to be a subject of intrigue and speculation in the ever-evolving world of social media and cryptocurrency.

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Naira Falls To ₦1,530/$ At Official Market After Public Holiday  
Previous Story

Naira Gains N17 In Official Exchange, Hits N960 In Black Market

Next Story

Arik Air Chairman Faces Ultimatum For Debt Plan

Featured Stories

Latest from Business

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

MTN Nigeria chief executive officer, Karl Toriola, and the network provider’s shareholders lost a total of N581.57 billion within three days, Monday, December 22, and Wednesday, December 24, according to Prime Business Africa’s analysis. The shareholders recorded the loss after the company’s
Naira Falls To ₦1,530/$ At Official Market After Public Holiday  
Previous Story

Naira Gains N17 In Official Exchange, Hits N960 In Black Market

Next Story

Arik Air Chairman Faces Ultimatum For Debt Plan

Don't Miss

FG Establishes National Blood Service Commission

FEDERAL Government has established National Blood Service Commission (NBSC) to
Nigeria and China

Reflections as Buhari writes China’s Xi Jinping on 100 years of CPC

President Muhammadu Buhari on Wednesday June 30, 2021, sent a