🚨BREAKING: Binance invests $500 million in Elon Musk’s Twitter acquisition
Binance, the world's largest cryptocurrency exchange by trading volume, has invested $500 million in Elon Musk’s $44 billion deal to acquire Twitter (TWTR). This significant move has sparked speculation that blockchain technology could play a role in the future of the social media platform.
Binance CEO Changpeng Zhao (CZ) tweeted, “We transferred $500 million two days ago, likely around the time Elon/Twitter discussions were taking place.” It’s reported that Binance has formed a team to explore how blockchain and cryptocurrency could enhance Twitter.
Could Twitter move to Blockchain?
Elon Musk, who referred to Twitter as “the bird was released” after announcing its shift to a more centralized model, has long been interested in integrating blockchain with social media. Musk previously messaged former Twitter CEO Jack Dorsey in March, stating, "Blockchain free speech has been a concept for a long time. The question is how to implement it.”
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