Binance plans to set up a team to help Twitter with blockchain and cryptocurrencies

On October 28, Binance, the world’s largest cryptocurrency exchange, confirmed that it was an equity investor in the acquisition of Twitter by the world’s richest man, Elon Musk.

Currently, Binance is building a team to assist Twitter in incorporating blockchain and cryptocurrencies. A Binance spokesperson said in a statement: “Binance is creating an internal team focused on assisting Twitter using blockchain and cryptocurrencies to brainstorm a strategic plan,” Bloomberg reported on Oct. 28. Help Musk realize his vision.” The spokesperson noted that the work is in the early stages and plans are still being developed.

The spokesperson emphasized that key planned areas will include on-chain solutions “to address issues such as the proliferation of bot accounts.”