Elon Musk, the CEO of Tesla and SpaceX, has proposed that the meme cryptocurrency dogecoin (DOGE) be accepted as a payment method for the Twitter Blue subscription service. Musk is now the largest stakeholder in Twitter. He recently stated that he would make "major improvements" to Twitter.

Since taking a 9.2 percent investment in the firm and promising to make "major enhancements" to the platform, Elon Musk, the CEO of Tesla and SpaceX, has actively engaged Twitter's users on prospective upgrades to the social media network.

The authentication checkmark is one of the ideas he's been talking on Twitter. Musk suggested that anyone who signs up for the $3-per-month Twitter Blue membership service should receive an authenticating checkmark.

In response to a customer who requested that the cost be reduced because a full family can eat for $3 in Argentina, the Tesla CEO agreed that it "should be appropriate to affordability & in local currency." He also indicated that "paying in doge" could be one of the payment alternatives.

In June of last year, Twitter Blue, a monthly membership service, was launched. It's accessible in the United States, Canada, Australia, and New Zealand right now. Twitter noted, "An active Twitter Blue subscription offers you access to premium features like Undo Tweet." Before their tweets are sent, blue subscribers have 20 seconds to alter them.

The Spacex CEO confirmed the price of Twitter Blue, which includes the authentication checkmark: "Price should probably be around $2/month, but paid 12 months upfront & account doesn't get checkmark for 60 days (watch for CC chargebacks) & banned with no refund if used for scam/spam." If a user cancels their subscription, the checkmark "should go away," he said, "otherwise scammers would game the system by signing up for only a few months."

The authentication checkmark "should be different from [a] 'public figure' or 'official account' checkmark," according to Musk.

The price of dogecoin has risen as a result of Tesla CEO Elon Musk's recommendation about DOGE payments. DOGE was trading at $0.144240 at the time of his tweet. At the time of writing, it had increased 8.45 percent to $0.156430.

Supporters of Dogecoin are ecstatic to hear Musk reaffirm his support for the cryptocurrency, describing the action as "very positive." In the crypto community, the Tesla executive is known as the Dogefather.    

Musk has previously stated that he owns bitcoin (BTC), ether (ETH), and dogecoin (DOGE), and that he will not sell any of them. He released a dogecoin video earlier this month, claiming that it "explains everything."

Bitcoin, he believes, is more of a store of wealth, while dogecoin is the greatest cryptocurrency for transactions. He earlier stated that dogecoin is the cryptocurrency of the people. Tesla, his electric car company, now accepts the meme cryptocurrency as payment for select products.