The price of Dogecoin (CRYPTO: DOGE) has increased over the past day, which could be for numerous reasons including social media platform X getting closer to launching payments in 2025.
What Happened: Formerly known as Twitter, social media platform X has been transformed since billionaire Elon Musk acquired the platform for $44 billion in 2022.
Musk began acquiring a stake in the company in January 2022 and announced his intent to acquire the company in April 2022. The acquisition was completed in October 2022 and Musk is now the owner of the social media platform.
The acquisition is part of Musk’s plan to create what he calls an everything app that will include social media, payments, video and more.
Integration of payments on X has been a hot topic over the years and also helped boost the price of Dogecoin on several occasions. Musk has been a supporter of Dogecoin over the years and there is a long-standing belief …
Full story available on Benzinga.com