Binance CEO Changpeng Zhao evaluated Tesla CEO billionaire Elon Musk’s take on Twitter.
Tesla CEO Elon Musk officially took over the popular social media platform Twitter last week after a long and complicated process. The world’s largest crypto exchange Binance also helped the famous name Musk in the acquisition of Twitter. In this context, Binance invested $ 500 million in Musk’s acquisition of Twitter.
Binance CEO Changpeng Zhao, who participated in CNBC’s Squawk Box, explained his reasons for helping Twitter’s new owner, Elon Musk. Stating that Binance has many reasons to support Musk, Changpeng Zhao cited Twitter as a global free speech platform with strong entrepreneurship. Adding that he also uses Twitter very heavily, Zhao said that he wants the crypto money industry to take an active part in the freedom of speech that Twitter provides.
“We want to make sure that crypto is on the table when it comes to freedom of expression. We want to help bring Twitter to Web3 when they’re ready. We want to help solve pressing issues like membership fees etc. It’s very easy using cryptocurrencies as a means of payment. and it can be done globally.”
As it is known, Binance announced that Elon Musk was an equity investor in the acquisition of Twitter. Zhao said:
“We are excited to be able to help Musk bring a new vision for Twitter. We aim to play a role in bringing social media and Web3 together to expand the use and adoption of crypto and Blockchain technology. Our priority should be to reduce spam and fraud on the platform.”
Also, Elon Musk, known for his support of Dogecoin, is expected to include DOGE as a means of payment on Twitter, similar to his use of Bitcoin (BTC) and Ethereum (ETH).