Cryptocurrency

Crypto community bombard CZ with Binance-Twitter integration questions

inside Twitter Space AMA On November 1st, the cryptocurrency community posed a question to Changpeng Zhao (CZ) about Binance’s role on Twitter.

On October 28, Elon Musk completed its $44 billion acquisition of the social media platform. Since taking control, Tesla’s CEO has made sweeping changes, including firing top executives and dissolving the board of directors.

At the same time, Musk ponders a range of issues, including charging a monthly fee for bluecheck accounts that may address the spam bot problem. But perhaps the most noticeable potential change is the integration of crypto.

Given Musk’s love of Dogecoin, many assume that the leading meme coin will become Twitter’s native cryptocurrency.

That aside, based on CZ’s responses to AMA questions, Binance is just a “backing investor” at this stage.

Twitter is a modern square

Binance has raised $500 million in investment capital to help Musk buy Twitter. CZ said the biggest reason for this was to support free speech.

Prior to the takeover, Twitter had been heavily criticized for promoting censorship and “awake” leftist idealism. The decisive action of this era was to ban the incumbent US president by abolishing Donald Trump’s platform.

In March, Musk publicly expressed his interest in purchasing the social media platform and making changes from within. He joined the protest, saying that he was failing to protect the

“Given Twitter’s de facto function as a public square, failure to follow the principles of free speech fundamentally undermines democracy.”

As the months went by, it became clear that Musk was quietly increasing his Twitter share. After some disagreements about agreeing to the deal, the acquisition closed last week.

CZ Calls on Crypto Community to Give Elon Time

During the 30-minute AMA, 5 out of 12 callers asked CZ about Twitter and how Binance plans to position this change.

CZ quickly took to Twitter to say he wasn’t personally involved, saying, “It’s Elon’s job. Elon is the CEO. He’s running it. We’re supportive investors.”

However, Binance’s CEO has said that “if he wants,” Twitter can become a Web3 platform and help accept crypto payments. However, at this early stage, he has no discussion between the two entities for specific crypto-focused functions.

Another caller brought up the topic of direct integration between Binance and Twitter for a WeChat-style user experience. Again, CZ reiterated that it is not currently involved in developing future features of the social media platform.

“I am not involved in running Twitter. We are investors, not CEOs… I don’t have a title. So I think we need to give Elon time.

In any case, given that the acquisition took place last week, CZ said Musk is still on top of the situation and deciding on the best course of action. So no rush to suggest feature list or push wallet integration.

“Let’s calm him down and then see how we can help him.”

Regarding Dogecoin as the native Twitter cryptocurrency, CZ said that in his view, it would be better if the platform adopted multiple cryptocurrencies.

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