Coinbase Research Director: Dogecoin Payment is Difficult to Deploy on X Platform, Because Its Price Rise Makes It Difficult to Use Inside the System

Odaily Planet Daily News Coinbase Research Director David Duong talked about the new developments after Twitter's rebranding in Twitter Space. He believes that the financial world naturally connects everything because users have to pay for things. It would make sense that if Twitter supported Dogecoin (DOGE) as a unit of account for payments, its price would likely increase. However, Duong warned that whether Elon Musk will deploy Dogecoin payments on the X platform is another question. He said: "X is likely to be a payment application, like Apple Pay, but the payment is not necessarily made in cryptocurrency... (Dogecoin payment) is difficult to launch on the X platform because of Dogecoin's Already rising in value, it could appreciate further, making it much harder to use inside the system.” (Coin Gape)