Binance Investment in Twitter Focused onCrypto Free Speech and Web3

Published on:

CZ Binance, in an interview with CNBC, stated that free speech and Web3 adoption are the primary reasons for Binance Investment in Twitter.

Changpeng Zhao, the founder, and CEO of Binance, appeared in an interview with CNBC today. He discussed the motive of Binance behind investing in Elon Musk’s acquisition of Twitter.

“There are many reasons for supporting the deal. Twitter is a free speech platform, which is global, right? Which is extremely important.

Twitter is a tool that I use personally very heavily, so… We would want to make sure that the crypto has a seat at the table when it comes to free speech. There are more tactical things like we want to help bring Twitter to Web3 when they are ready. And yeah, we want to help solve some of those immediate problems.”

CZ Binance

Web3 Integration with the Binance Investment in Twitter

CZ mentioned that they want to help bring Twitter to Web3. Crypto should have a seat at the table when it comes to free speech. With this, there are various speculations by the community on how crypto can be integrated with Twitter.

Renowned crypto trader Ran Neuner believes that Twitter will launch blockchain payments between users soon. He imagines that Bitcoin, Dogecoin, and BUSD will be among the payment options available for users.

The global expansion continues for Binance.

Along with plans to integrate Web3 into Twitter, Binance seems to be in a full-fledged expansion mode. They established yet another subsidiary in Ireland. Last month, the Changpeng Zhao-led exchange successfully registered as a Financial Service Provider in New Zealand. Recently the company also registered in France, Spain, and Italy. 

Binance is dominating more than 50% of spot and derivatives trading volume. Along with expanding to various countries, they have introduced zero fees in Bitcoin trading to gain market shares. 

Got something to say about the Binance investment in Twitter or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on Tik Tok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.


All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Source link