CZ Suggests Binance Pay as Solution for Crypto Payments on Twitter

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Crypto exchange Binance has plunged $500 million into Elon Musks takeover of social media platform Twitter, with a view to giving crypto a seat at the table.

Now, Binance CEO Changpeng CZ Zhao appears to be mulling a deeper integration of the exchange and the social media platform.

Speaking at Web Summit, Zhao said, Its very easy to support a dozen, a couple of hundred cryptocurrencies as payments. We already have a solution that does that: Binance Pay. He added that the service enables users to pay merchants in whatever coin or currency or fiat currency they choose, with Binance handling the conversion to the merchants currency of choice at no extra charge.

Binance wants to be supportive on anything that is to do with crypto or Web3 relating to Twitter, Zhao said. We have all the technologies, we have the know-how, we have the products, so were ready to help.

Zhao added that he has yet to meet Musk in person, because of COVID and everything; he’s busy, I’m busy. Hanging out with the Tesla CEO, he said, might not be the most time-efficient thing.

And he has yet to ask for a detailed plan of Musks plans for Twitter. He did mention about Dogecoin, charging for tweets, charging for comments, charging for the blue tick, said Zhao. I think all of those things are coming.

Zhao also said that hes prepared to join the board of Twitter, should Musk askalbeit reluctantly.

Im indifferent to it, he said. If Im asked, I probably would do it just as a favor, but its not something Im dying to do. Im pretty busy with Binance already.

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