Having bought Twitter for $44 billion, Elon Musk may further involve the social media giant in the crypto industry.
Bloomberg suggested several ways that Musk, who has a highly complex relationship with cryptocurrencies, could involve Twitter more in the crypto industry. These ways include using blockchain to reduce the presence of bots.
Bloomberg pointed out that Elon Musk can lift bans on some users of Twitter. The famous billionaire has been emphasizing freedom of expression for a long time.
Musk may want to use blockchain in the future for reducing spam bots and freedom of expression. However, it is worth remembering that Musk said that a blockchain-based Twitter is not possible.
According to Bloomberg, Musk is using blockchain technology for messaging, gaming, payments, etc. can be used in fields such as Although Musk has not interacted with NFTs in the past, there may be a change in this situation after his acquisition of Twitter.
Cryptocurrency exchange Binance has provided $ 500 million in funding so that Musk can buy Twitter. Changpeng Zhao, CEO of the company, used the following statements on the subject:
“We are excited to help Elon deliver a new vision for Twitter. We aim to play a role in bringing social media and web3 together to increase the use and adoption of crypto and blockchain technology.”
