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TRANSFER24 – Binance is ready to explore the use of cryptocurrencies as a settlement tool on Twitter


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02.11.2022

Tesla boss brings massive orders to Twitter staff after recent purchases the largest American social network for $44 billion. Immediately after joining the new office, Elon Musk “asked to leave the position” CEO Parag Agrawal and CFO Ned Segal. At the same time, as it became known the day before, the former CEO of Agrawal expected to receive $42 million “waste” as it is written in the labor contract. However, Musk still found a way to legally circumvent this part of the document and free himself from payments.

Now it has become known that Elon is completely dissolving the nine-person board of directors of Twitter and becoming the sole head. Earlier, the Washington Post wrote about a possible reduction of up to 75% of the company’s staff (about 5,600 people). Against this background, several major advertisers have suspended interactions with Twitter, emphasizing that “at the moment we need to understand the new policy of the site under the new leadership.” In parallel, as we wrote earlier, the deal to buy the American social network was partially funded by the world’s largest cryptocurrency exchange Binance, the platform even began to form a separate team to promote web3 technologies on Twitter.

And yesterday in an interview with CNBC CEO Changpeng Zhao (CZ) confirmed initial intentions and expressed his willingness to help Elon Musk implement Twitter in web3. Moreover, CZ emphasized that Binance is ready to explore the issue of integrating cryptocurrencies as a settlement tool on Twitter.

Source: https://prometheus.ru/novaya-era-twitter-mask-uvolnyaet-sotrudnikov-a-binance-vnedryaet-web3/