Binance will assist Elon Musk in bringing Twitter into Web3

Binance Twitter

Billionaire Changpeng Zhao claims that Binance wants to assist Elon Musk in bringing Twitter into Web3.

The CEO of the world’s largest cryptocurrency exchange by trading volume says he wants to help Twitter move into the next era of the internet.

Binance CEO Changpeng Zhao claims his company’s $500 million investment in Elon Musk‘s Twitter acquisition was in the cause of free expression in a recent interview with CNBC’s Squawk Box.


“The deal was put together a few months back… Elon was buying, [then] was not buying it, but we haven’t changed our positions. There are many reasons for supporting the deal. Twitter is a free speech platform, which is global, which is extremely important. We want to support strong entrepreneurs. Elon Musk is a very strong entrepreneur. Twitter is a tool that I use personally very heavily, so we want to make sure that crypto has a seat at the table when it comes to free speech. 


There are also more tactical considerations, such as bringing Twitter into Web3 when they are ready. We want to help solve those urgent concerns, such as billing for memberships and so on, which can be done very quickly, internationally, utilizing bitcoin as a payment method.”

Elon Musk, the billionaire Dogecoin (DOGE) supporter, took over Twitter this week in a $44 billion dollar transaction that has been in the works for most of 2022.



According to a Reuters article last week, Binance was looking at potential crypto-related remedies to some of Twitter’s shortcomings, including spam bots, an issue that nearly forced Tesla CEO Elon Musk to abandon his acquisition bid.