Now that Elon Musk’s stance on whether or not to go with the deal is coming closer to confirmation, Binance crypto exchange and tech-focussed Sequoia Capital is backing the completion of this bid. The companies are hoping that the deal comes through so that the Web3 sector could get a major social media push.
Elon Musk’s Twitter takeover for $44 billion (roughly Rs. 3,61,900 crore) has been a hot topic for a large part of this year already. Now that Musk’s stance on whether or not to go with the deal is coming closer to confirmation, Binance crypto exchange and tech-focussed Sequoia Capital is backing the completion of this bid. Both the crypto-focussed firms believe that Musk’s Twitter takeover could make for a milestone turn in the global promotion, expansion, and adoption of the crypto sector as the next phase of the fintech sector.
