Reportedly Binance is working to create a dedicated team to help the Twitter company bring crypto services into its ecosystem.
Twitter is a popular social media platform and this platform grabbed significant growth in the last few years because of the inflow of huge numbers of crypto Investors. On Friday of this week, Tesla CEO Elon Musk successfully acquired Twitter for $44 billion. Now Twitter is under the full control of Musk and he will make it a free speech platform.
On 28 October, Reuters reported that the Binance exchange is working to create a crypto & blockchain team dedicated to Twitter. That new team will help to bring crypto & blockchain-related services to Twitter.
The basic aim of the new crypto team will be to implement crypto services free of spammers because at present time many bot accounts are spamming the Twitter ecosystem, so there are huge chances that Twitter may face problems because of the crypto bot accounts.
Binance CEO helps Elon Musk
As we know that Elon Musk is now the owner of Twitter and he will make the whole ecosystem of Twitter more friendly to the users, which is why he purchased Twitter.
Binance CEO Changpeng Zhao is one of the supporters of Tesla’s CEO to acquire Twitter. Zhao helped with $500 million in funding in the Twitter acquisition deal.
All these things are showing that Twitter may bring huge numbers of crypto-related services into its ecosystem because Binance is the top-ranked crypto exchange and secondly Tesla CEO is a fan of Dogecoin.
Due to Twitter’s acquisition by Elon Musk, the price of Dogecoin has been continuously surging for a few days. At the time of writing this article, the price of Doge is $0.0875, which is 48%+ high over the last 7 days of trade price.
Read also: Google announces Blockchain Node Engine