Crypto exchange Binance Holdings Ltd. is working with a team to help Twitter Inc. (NYSE: TWTR) with features such as bots. Binance is taking such a step as it is one of the key equity investors in the Elon Musk Twitter acquisition deal. The company is looking forward to determining ways in the blockchain and cryptocurrency domain that could be beneficial for the social media giant.
Crypto Exchange Binance And Twitter
Crypto exchange Binance is the largest one in the world while Twitter is a popular social media platform. Therefore, this latest crypto news is of utmost importance. A statement by a spokesperson (quoted by Bloomberg) regarding the above-mentioned information stated:
“Binance is creating an internal team to focus on ways that blockchain and crypto could be helpful to Twitter and actively brainstorming plans and strategies that could help Elon Musk realize his vision.”
The areas that they are going to concentrate on include:
“To address some of Twitter’s issues, such as the proliferation of bot accounts in recent years.”
The new owner of Twitter, Elon Musk has always mentioned that the platform had problems with bots or automated spam accounts, which ruined the user experience. Therefore, the step by Binance to aid the social media platform can rightly be justified.
The official website of Binance notes that it is:
“The world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Our Mission is to be the infrastructure service provider in crypto.”
The average daily volume of this crypto trading platform is over $2 billion while over 1.4 million transactions are conducted per second, which is amazing. They also mentioned that users are their priority, and they strive to protect their interests.
The about us page of Twitter notes that it:
“Is what’s happening and what people are talking about right now. We believe real change starts with a conversation. Here, your voice matters. Come as you are and together we’ll do what’s right (not what’s easy) to serve the public conversation.”
Twitter is one’s go-to platform for discussions on serious matters. However, it does witness light-hearted tweets as well. Recently the Twitter vs Elon Musk lawsuit came to a standstill as Musk was given the charge of the company.