Shiba Inu’s X Integration: The Solution to Multiple Issues?

Popular crypto influencer Lola took to X to share her insights on Shiba Inuโ€™s benefits for X.

Shiba Inu inside new twitter logo ''X''.
Created by Kornelija Poderskytฤ— from DailyCoin
  • Elon Musk’s tweet on Shiba Inu rebranding attracts SHIB Armyโ€™s attention.
  • Crypto influencer proposes Musk use Shiba Inu (SHIB) for ad revenues.
  • Yesterday Twitter, now X, debuted its logo at its San Francisco headquarters.

In a comical debate over Twitterโ€™s recent transition to X, Elon Musk was assured by one of his followers that the platform could โ€œrebrand to a donkey and Iโ€™d still scroll for 6 hours a day,โ€ to which the wealthy innovator replied, โ€œWe rebranded to a Shiba Inu dog for a while. No impact.โ€

As one would reasonably expect, Dogecoin spiked to reach a yearly high of $0.10, a price range unseen before November 2022, while Shiba Inu also fetched substantial gains. Now, the members of the two largest dog-themed memecoin communities might seek a mutual solution.

Can Shiba Inu Shade X from Regulatory Issues?

In the same X thread, popular crypto influencer Lola shared her insights on how Shiba Inu could facilitate the new generation of Twitter. Firstly, she suggested that the ERC-20 token on Ethereum could be used instead of fiat to pay out ad revenue. โ€œImagine the desire of these big mouth digital creators cheering for $SHIB because they also have it.โ€

Sponsored

Indeed, Shiba Inu provides a decentralized solution to the new payment system, which aligns with the current regulations. According to the Howey Test, enterprises cannot have their own tokens. $SHIB, as a DeFi solution, is already available on over 200 DeFi exchanges, as well as the major centralized crypto platforms.

Lastly, Lola declares: โ€œSHIB is accessible anywhere in the world. No government, no clownsโ€. Other members of the SHIB Army added to the suggestion, with some even implying that โ€œPerhaps the SHIB ecosystem is being built with a specific client in mind.โ€

On the Flipside

  • While the new financial ecosystem in the X app will require a token, itโ€™s unknown if Elon Musk will choose a decentralized solution.

Why This Matters

Twitter is transitioning into a global financial empire and a social hub, which could provide plenty of use cases for blockchain technology.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaลกevskis is a DailyCoin Journalist, covering memecoins & latest developments. Tadas has moderate holdings in SHIB, HBAR, LTC, MATIC and a selection of low-cap meme currencies.

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