Just In: Binance To Introduce Crypto Payments On Twitter

With Twitter firmly in Elon Musk’s kitty, Binance which was also part of the endeavor is now exploring possibilities of integrating blockchain into the platform. It is a clear indication that the exchange is going to introduce crypto payments, something which was earlier indicated by Elon Musk also.

Binance which has sunk $500 million in the Twitter takeover deal has said that it is exploring the possibility of crypto integration on the platform. As per a company spokesman, Binance is creating a team to find crypto-based solutions on Twitter.

Binance To Be Involved In Crypto integration On Twitter  

As per a report by Reuters, the number one crypto exchange is creating a team that will help integrate crypto solutions on Twitter.  The team will find out ways to make crypto helpful for Twitter. It is reported that Elon Musk is prioritizing the bot and ghostbanning issues with the platform. The crypto exchange will also partner to find solutions for the proliferation of bot accounts, the report added. The next step will be to integrate crypto payments on Twitter.

“The newly-formed team will explore how to build on-chain solutions to address Twitter’s issues including the proliferation of bot accounts.”

The exchange will partner with Twitter to develop new strategies for Twitter’s growth and operation. The crypto exchange also confirmed its participation in the $44 billion Twitter deal and has committed $500 million which will be used to reduce scams and spam on the platform

Binance Expands CBDC Integration

The crypto exchange is also expanding its operations in Europe and wants to create a crypto hub in France. With a crypto-friendly PM in the UK, it will also seek to increase its business in the nation. In a recent development, the crypto exchange is working on the CBDC project in Kazakhstan. The National Bank of Kazakhstan wants to integrate its CBDC named Digital Tenge with the BNB blockchain.