Binance CEO Revealed His Intention To Promote Twitter’s Entry Into Web3

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The founder and CEO of Binance, Changpeng Zhao (CZ), have revealed his willingness to help Twitter (TWTR). He advised Twitter’s new CEO to bring the social media platform into the world of Web3. Twitter will experience massive profit and growth if the platform embraces crypto.

Binance is one of the biggest crypto exchanges globally, and its impact on the industry cannot be overemphasised. The company has shown to be the most adaptable business that can ride crypto winter with confidence. The company has been growing and making relevant investments in other businesses.

Binance CEO revealed that he invested $500 million in the recent Twitter acquisition by Elon Musk.  CNBC’s Squawk Box reported that CZ expressed his willingness to help Twitter to acquire a space in Web3. He said Twitter’s willingness would determine the extent of how he would help.

Why CZ Wants to Support Twitter

In CNBC’s report, CZ revealed the reasons behind his investment on Twitter.  He said that Elon Musk is one of the strong entrepreneurs in the world. He would love to support him by projecting Twitter into Web3 space.

He also revealed that Twitter is a free-space platform, and he uses it frequently. Cryptocurrency needs to have a say in free space. 

CZ said, “when it comes to free expression, we want crypto to have a place on the such table. There are also more tactical issues regarding our desire to assist Twitter in becoming a Web3 platform.” 

CZ readiness will be triggered by Elon Musk and Twitter’s response to this offer. He said bringing Twitter into the world of Web3 will contribute immensely to its continuity. Making payments for Twitter account verification by users will be easier if crypto is the payment medium.

He urged Twitter’s CEO to allow the firm to accept payments for account verification via crypto. Also, making a partnership with Binance will surely help users to make payments without difficulties. The proper guidelines and support will be given to Twitter users if Binance is given a contract. 

In addition, He spoke on Elon Musk‘s capacity in the aspect of handling different businesses. The pressure of managing companies like Tesla, SpaceX and Twitter is much. CZ believes that Elon Musk can manage the company effectively. 

Elon Musk has been a faithful supporter of blockchain technology in several ways. CZ believes that Elon Musk will link Twitter to crypto in many ways. Elon Musk‘s acquisition of Twitter has triggered His favorite memecoin to skyrocket in value. Dogecoin’s price has increased by over 100% in the last seven days.

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