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Chanpeng Zhao discussed the prospects of Twitter under the “unpredictable” Ilona Mask
Elon Musk is quite unpredictable, but this will positively affect the development of Twitter. This was stated by CEO Binance Chanpen Zhao during the web sammit in Lisbon.
On October 28, Musk closed a deal to buy a social network for $ 44 billion. Binance provided $ 500 million from this amount. Zhao explained the investment by the struggle for freedom of speech.
“The goal of Binance is to help expand the independence of finance. And freedom of speech is more important than freedom of money, ”he said.
Zhao called Ilona Mask “a rather unpredictable guy”, civing an example of an announced plan to enter a monthly fee of $ 8 for verified accounts on Twitter.
Nevertheless, the head of Binance expects that under the guidance of the mask the speed of deploying new functions in the social network will be much higher, even if “not all of them take root”.
“In fact, I would say that probably most of them will not take root. But this is how 10% of the functions that remain will be determined, ”he explained.
At the same time, Zhao refrained from comments regarding integration into the Dogecoin platform.
Talking about the volatility of cryptocurrencies, CEO Binance noted that she “is probably the only stable thing” during the period of financial shocks:
“If you look at the technology and the foundations of cryptocurrencies, the proposal is limited https://gagarin.news/news/bitcoin-city-and-el-salvadores-new-bitcoin-splurge/ , nothing has changed”.
Zhao also responded positively about US regulators, pointing out a high level of banking support from Bitcoin-Tirzh in the country.
“Thanks to the protocol of the automated clearing ward in the United States, they can automatically write off money from the user’s bank account every month. In other parts of the world, we do not yet receive such a level of support, ”the head of Binance explained.
At the same time, he recognized the severity of American regulators in relation to cryptocurrency derivatives, adding that “few companies received licenses for this type of activity”.
Recall that in September, Chanpeng Zhao said that in the long run, bear mood is more useful for the cryptocurrency market than the seemingly endless trend.
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