It was officially announced that Dogecoin will be used as an internal currency of Twitter. At first, DOGE will be used to pay for premium accounts and platform advertising services.  

Dogecoin Adopted as Twitter's Official Domestic Currency

Twitter’s official blog reported that the company’s management decided to introduce Dogecoin as an official payment option. The decision is part of a strategy to turn the social network into a super-app with payment services. 

At first, users can pay with DOGE for the platform’s advertising services and Premium access. Crypto payment options will be significantly expanded in the future, but there has yet to be concrete information on this. 

Looks convincing, right? Well, take a look at the publication date — April 1. This news is a prank, based on manipulating expectations. Moreover, it’s an example of how dishonest “journalists” can mislead readers by using the current information context.

We urge CoinsPaid Media readers to be extra cautious! Such “news” may hide not only harmless April Fools’ jokes but also fraudulent resources, primarily phishing ones. Pay attention to details. For example, in this news, a vigilant reader should’ve been alarmed by the use of the old name Twitter instead of X. Also, be wary of links to “official resources” that may lead to clone sites, looking exactly like the originals but having minor visual differences in a slightly altered address.

Some resources also used the fact that Elon Musk supports Dogecoin in every possible way. CoinChapter published a note discussing the entrepreneur’s plans to make DOGE the official currency of the future Mars colony within the framework of Project Lightspeed. 

Such news is taken quite seriously, given that a few weeks earlier, Elon Musk said that Tesla cars could be bought with Dogecoin someday. Such a statement was made by Musk while talking to the press during a visit to the company’s factory in Berlin.

Last year, in early April, Elon Musk changed the Twitter logo to Doge, thus making the meme coin to rise by 25% within two hours. 

Author: Evgeny Tarasov
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