Cryptocurrency exchange Binance wants to use crypto and blockchain to help Twitter fight bots.
After Elon Musk’s acquisition of Twitter, the stock market is increasing its relations with Twitter.
Binance Will Help Twitter
The world’s largest cryptocurrency exchange has stated that it wants to set up a special unit to assist social media after raising $500 million to support Elon Musk’s Twitter acquisition.
In the statement made by the company, it was stated that one of the areas that Binance wants to help the most is the fight against bots.
Fake accounts have become a major problem for both the social media giant and Binance, as they often lead to cryptocurrency scams.
Another reason Elon Musk wanted to buy Twitter was to get rid of Twitter bots. In fact, misinformation about this issue caused Musk to give up on his Twitter purchase.
Musk backed down from this decision after Twitter filed a lawsuit and accepted the previously agreed-upon $44 billion deal.
The stock market made the following statement:
“Binance is putting together a team to focus on ways blockchain and crypto can help Twitter and actively brainstorm plans and strategies that can help Elon Musk realize his vision.”
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