Binance CEO May Reach Out to Elon Musk for ‘Bringing Twitter into Web3’

The founder and CEO of Binance, the largest cryptocurrency exchange by transaction volume in the world, Changpeng Zhao, also known by his stage name “CZ,” has stated that he is willing to assist Twitter’s new owner, Elon Musk, in bringing the social media platform into the Web3 era.

CZ’s Take on Web3 and Twitter

CZ said there are numerous reasons to embrace the agreement, in which Binance contributed $500 million into Musk’s acquisition of Twitter, in an interview with CNBC’s Squawk Box on October 31. The CEO of Binance highlighted throughout the interview that he supports the purchase since Twitter is a significant platform for entrepreneurship and worldwide free speech, and he also said that he uses Twitter “quite heavily.”

“We want to make sure that crypto has a seat at the table when it comes to free speech. There are also more tactical things, like we want to help bring Twitter into Web3.”

Elon Musk the CEO of Tesla, is well known for having a strong interest in the cryptocurrency market, thus Binance’s backing shouldn’t be a surprise. CZ further went on to say,

“We want to help solve immediate problems like charging for membership etc, this can be done very easily and globally using cryptocurrencies as a means of payment.”