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Twitter Should Not Just Support DOGE & BNB Tokens: Binance CEO

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coingape.com 01 November 2022 13:48, UTC
  
Reading time: ~2 m

Binance CEO “CZ” in the latest AMA on Tuesday said Twitter should support multiple cryptocurrencies as Elon Musk hints to introduce Dogecoin (DOGE) to Twitter. Binance CEO also answered questions on BNB support on Twitter, investments in Twitter, Binance Oracle, and Binance’s NFT project.

Binance CEO: Twitter Should Support Multiple Crypto

In an AMA session on November 1, Binance CEO “CZ” was asked multiple questions regarding Binance’s part in implementing crypto to Twitter. Also, whether BNB will be added on Twitter, alongside Dogecoin (DOGE). Elon Musk today hinted at Dogecoin coming to Twitter, several days after closing the $44 billion acquisition of Twitter.

Binance CEO said they aren’t deeply involved with Twitter operations, but just an investor in the deal. Binance can help Musk in web3, accept payments in crypto, and reduce spam bots. However, he believes Twitter should support multiple cryptocurrencies, not just DOGE or BNB. Probably, selecting just one crypto is not the best choice.

Furthermore, he answered queries on Binance Oracle and selection criteria, integrating BNB on Twitter, and Binance’s NFT project. The BNB ecosystem enables users to buy and sell NFT cost-efficiently. However, the NFT market is still small and currently in a downturn.

Moreover, he asserts Elon Musk is busy handling Twitter and firing employees. So, it is not currently a better time to support crypto on the platform. However, Elon Musk is a big Dogecoin fan and holds Bitcoin. So, there could be some crypto-related implementations on Twitter.

Commenting on solving people rugs pulled into scams, he believes educating people on researching and investing in trusted projects can protect investors from scams. He also cites handling the hack on BNB Chain.

Dogecoin (DOGE) Price Jumps 135% After Twitter Acquisition

Dogecoin (DOGE) price has jumped significantly since Elon Musk completed the Twitter deal. Dogecoin price soars over 15% in the last 24 hours and over 135% in a week.

At the time of writing, the DOGE price is trading at $0.13. The 24-hour low and high for Dogecoin are $0.11 and $0.15, respectively. The trading volume is up nearly 40%.


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