Binance CEO: Twitter Should Support More Tokens Than Just DOGE & BNB

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Last Updated on November 1, 2022 by Bitfinsider

Elon Musk has made hints about adding Dogecoin (DOGE) to Twitter, while Binance CEO “CZ” stated in the most recent AMA on Tuesday that Twitter should support several cryptocurrencies. Additionally, concerns about BNB support on Twitter, Twitter investments, Binance Oracle, and Binance’s NFT initiative were addressed by Binance CEO.

The CEO of Binance, “CZ,” was the subject of numerous inquiries on Binance’s role in bringing cryptocurrency to Twitter during an AMA session on November 1. This also includes a question on whether BNB and Dogecoin be added on Twitter. A few days after Twitter’s $44 billion takeover deal was finalized, Elon Musk made a hint that Dogecoin would soon join Twitter.

According to the CEO of Binance, they are merely an investor in the agreement and are not heavily involved with Twitter operations. Binance can assist Musk with web3, accept cryptocurrency payments, and lessen spam bots. But he thinks Twitter ought to embrace more cryptocurrencies than only DOGE and BNB. Probably not the best course of action is to choose only one crypto.

Additionally, he responded to inquiries on the Binance Oracle, selection standards, integrating BNB on Twitter, and the NFT project. Users are able to buy and sell NFT at a low cost because of the BNB ecosystem. The NFT market, nevertheless, is still modest and is currently experiencing a decline.

Additionally, he claims Elon Musk is occupied managing Twitter and firing workers. Therefore, there isn’t a better time right now to support cryptocurrency on the platform. Elon Musk, though, owns Bitcoin and is a major Dogecoin fan. Therefore, Twitter might add some crypto-related features.

Commenting on how to prevent people from falling for scams, he thinks that teaching people about conducting research and funding reputable ventures will shield investors from fraud. He also mentions managing the BNB Chain hack.

Since Elon Musk closed the Twitter deal, the price of Dogecoin (DOGE) has increased considerably. Over 15% has been added to Dogecoin’s price in the previous 24 hours, and over 135% in a week.

The price of DOGE is $0.13 at the time of writing. Dogecoin’s low and high points for the previous day are $0.11 and $0.15, respectively. Trading volume has increased by about 40%.

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