Coinbase Research Director: It is difficult to deploy Dogecoin payments on the X platform due to the increasing price volatility and internal usage challenges.

Odaily News: Coinbase's Research Director, David Duong, discussed the new developments after Twitter's rebranding on Twitter Space. He believes that the financial world naturally connects everything because users have to pay for something. If Twitter supports Dogecoin (DOGE) as a payment unit, its price could rise, which makes sense.

However, Duong warned that whether Elon Musk will deploy Dogecoin payments on Platform X is another question. He said, "X is likely to be a payment application, just like Apple Pay, but payments don't necessarily have to be made with cryptocurrency... It would be difficult to launch Dogecoin payments on Platform X because the value of Dogecoin has already risen, and it could appreciate further, making it much more challenging to use internally within the system." (Coin Gape)