Musk has frequently touted DOGE, suggesting the meme coin may offer better payments functionality than bitcoin (BTC). In January the Financial Times reported that Twitter was designing a system to permit payments through the social-media platform. While Musk, who is the CEO, wanted Twitter “first and foremost” to be for fiat currencies, he sought the ability to add cryptocurrencies – a story that gave the price of DOGE a lift.
Source: https://www.coindesk.com/markets/2023/04/03/dogecoin-gains-12-after-tokens-symbol-replaces-blue-bird-as-twitter-logo/?utm_medium=referral&utm_source=rss&utm_campaign=headlines