Bitcoin, Dogecoin Or Ripple? Backers Fight Over Best Crypto For Elon Musk's Twitter Payments

The cryptocurrency community is divided over which token Twitter should integrate into its database to function as a payment app. Some believe that Dogecoin DOGE/USD is the obvious choice, while others believe that Ripple XRP/USD or Bitcoin BTC/USD would be better suited for the task.

What Happened: Bitcoin bull and the co-founder of the investment firm Morgan Creek Digital, Anthony Pomplianowith 1.6 million followers on Twitter, said “If Elon Musk really wants to turn Twitter into a payments app then Bitcoin is the only payment network that can handle instantaneous, global micro-transactions at scale”.

This resulted in a heated debate. 

Twitter users who did not agree with him, called his statement a lie. “I say lie because you are informed and know this is not true,” responded a Twitter user that goes by the name ‘Moon Lambo’.

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It should be noted that Twitter tipping already allows users to send USD or BTC over the Bitcoin network, so ‘APompliano’ believes that this feature can be a “natural extension.”

Blockchain lawyer John E Deaton described Pompliano’s opinion as “demonstrably wrong”, adding that Twitter had used Ripple’s native token (XRP) for micropayment for years before BTC. 

Several others criticized his statement, calling it the worst take. “Bitcoin is doing less data propagation than dial-up internet 2 kbps vs 56kbps modem” tweeted ‘SolanaLegend’, co-founder of MonkeyDAO.

There were others who believe DOGE will be the payment app. “Get ready to wipe tears from those laser eyes… it’s gonna be DOGE”, a user tweeted.

Price Action: At the time of writing, Bitcoin is trading at $20,790.33, down 1.90%, Ripple at $0.4701, down 3.79% and Dogecoin at $0.1161 declined by 6.24% in the last 24 hours, according to Benzinga Pro.

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Posted In: CryptocurrencyNewsTop StoriesMarketsAnthony PomplianoBitcoindogecoinElon Muskrippletwitter
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