Crypto Exchange Binance Forming Team To Resolve Issues At Twitter

Binance has appeared seeking an active role in how Twitter runs, after it confirmed of having made an investment as part of Musk’s takeover of the platform, on 28 October. Elon Musk has been constantly highlighting the prevalence of bots, or automated accounts, as a concern and even quoted them initially when the was about to get scrapped, previously

The Binance Holdings, is creating a team to consider ways on how blockchain and cryptocurrencies may help the Twitter. Binance is an equity investor which effected Elon Musk’s deal for the social-media platform.

It has appeared seeking an active role in how Twitter runs, after it confirmed of having made an investment as part of Musk’s takeover of the platform, on 28 October. Also, it the world’s largest crypto exchange.

An official informed through a statement that Binance is forming an internal team to work on ways on how blockchain and crypto could be help Twitter and actively brainstorm plans and strategies that may add to Elon Musk’s vision. Also, that the effort was in primary stage and plans are still being worked upon.

The focus areas may include on-chain solutions in order to meet some of the issues which Twitter face, like the proliferation of bot accounts in recent years, said the official.

Elon Musk has been constantly highlighting the prevalence of bots, or automated accounts, as a concern and even quoted them initially when the was about to get scrapped, previously.