Binance Helps Implement Cryptocurrency Services For Twitter

• Binance to Build a Blockchain and Cryptocurrency Twitter Team
• So let’s wait for new exciting options

Crypto exchange Binance is creating a separate team that will develop crypto services for Twitter.

Binance “bought” Mask?

Binance provided $500 million to buy Twitter. Thanks to this, the crypto exchange has become the fourth largest participant in the takeover of the platform. In total, 19 investors invested in the deal, and the total amount of assistance is $ 7 billion. The Lawrence Joseph Ellison Fund, Sequoia Capital Fund, and Fidelity Management are among the major investors.

On Twitter, CZ confirmed that the money was sent a few days before the purchase. The transaction was carried out through a traditional bank transfer using fiat currency.

Changpeng Zhao classified the company’s investment as “a small contribution to the common cause.”

The cooperation does not end there. Binance will now create a Twitter department for blockchain and cryptocurrency.

It is difficult to say whether Binance and other co-investors will be able to influence innovations in Twitter. Under the contract, Elon Mack received complete control of the board and the freedom to make decisions. That is, the social network has become private.

Twitter began to master blockchain technologies under the wing of former CEO Jack Dorsey. Under him, NFT avatars appeared on Twitter and could send “tips” in bitcoins.

Recently, Twitter has partnered with several NFT marketplaces and introduced a new NFT Tweet Tiles format.