The Winklevoss brothers, co-founders of cryptocurrency alternate Gemini and renown for his or her well-documented authorized battle with Facebook, are seemingly prepared to ‘get into bed’ with the tech big in an try to unfold the adoption of digital currencies.
In an interview with CoinDesk, the twins stated they had been contemplating joining the Libra Association, the governing physique arrange by Facebook to supervise its quickly to be launched ‘cryptocurrency.’
“We’re definitely looking at it in earnest and we’re excited about the project,” Cameron stated.
“Our feeling is, this is the first of many FANG [Facebook, Amazon, Netflix and Google] companies to have a token project. Our prediction is in the next 24 months almost every FANG company will have a coin or be working on some sort of project,” Tyler added.
The brothers’ relationship with Mark Zuckerberg has been strained ever since they accused the Facebook CEO of swindling their concept for a social community
However, rumours a couple of doable collaboration have been swirling for months. Back in May, the Financial Times reported that Zuckerberg had spoken to the brothers about his plans to develop a digital foreign money.
Since asserting it’s ‘cryptocurrency‘ in June, Facebook has ruffled feathers with some politicians and bankers calling its challenge into query.
Just yesterday, authorities in India stated they had been no extra eager on the social media big’s challenge than any cryptocurrency that got here earlier than it.
While Facebook must reply to politicians and regulators throughout the globe, I for one can’t wait to see how a possible collaboration between the Winklevoss brothers and Zuckerberg will pan out. And extra importantly, what, if something, this can imply for the broader cryptocurrency world.
Published July 10, 2019 — 16:28 UTC