Elon Musk is reportedly planning to transform Twitter into an “updated version of PayPal,” offering low transaction costs. Speculation is that Dogecoin, Musk’s favored cryptocurrency, could become the native currency of this platform, potentially driving its price to $0.20. Musk has been having conversations with Wall Street executives on the future of Twitter, and is leaning towards implementing a “new-fangled payment system” that mimics an updated PayPal model. This platform aims to offer lower transaction costs compared to traditional credit card payments and potentially monetize user information.Musk has denied earlier rumors of an in-app trading platform, instead hinting at the possibility of Dogecoin becoming the native currency of this revamped platform. PayPal recently rolled out a U.S. dollar-pegged stablecoin, PYUSD, but analysts have warned of a lack of demand for it when other alternatives exist.If Musk’s Twitter does adopt Dogecoin as its native currency, the crypto market could see another seismic shift, possibly setting the stage for Dogecoin’s price to reach unprecedented heights. Investors can buy Dogecoin quickly and securely with PayPal, credit card or bank transfer at eToro.

This News Article was automatically generated by Bob the Bot(AI)

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	Charles Gasparino, Elon Musk, Gavin Michael
Companies	Fox Business Network, Financial Action Task Force, PayPal, FINRA, Intercontinental Exchange, Nansen
Currencies	ethereum, pyusd, dogecoin, bitcoin, usd
Securities