Billionaire Elon Musk had entered Twitter’s headquarters carrying what appeared to be a bathroom sink. After that, on Friday, it was reported that the highly anticipated acquisition for months was completed.
After the purchase, eyes were turned to possible points where cryptocurrencies and Twitter could intersect.
Bloomberg Explores Ways Elon Musk Can Adapt Cryptocurrency On Twitter
Bloomberg today, cryptocurrency Musk, which has a complex relationship with its currencies, suggested several ways that Twitter could integrate more cryptocurrencies. Suggestions include Musk using a Blockchain adaptation to get rid of bots on social media.
Bloomberg noted that Musk is a kind of free speech advocate who could lift his bans on some users on the social media platform.
However, the famous billionaire, who has repeatedly stated that some kind of “Blockchain Twitter” is not possible, can still use this technology to increase freedom of expression and reduce spam.
Bloomberg said there could be a Musk “super app” that turns Twitter into messaging, games, payments and more, and digital assets could play a role. NFTs could also be in the picture, although Musk has avoided them in the past.
Additionally, cryptocurrency exchange company Binance has been confirmed as an equity investor in Musk’s acquisition of the social media company.
Binance founder and CEO Changpeng Zhao said in a statement:
“We are excited to be able to help Elon realize a new vision for Twitter.
We aim to play a role in bringing together social media and the web3 to expand the use and adoption of crypto and blockchain technology.”
*Not investment advice.
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