Winklevoss brothers believe in Facebook’s Libra coin

Winklevoss twin brothers, co-founders of cryptocurrency exchange Gemini

Tyler and Cameron Winklevoss, co-founders of crypto exchange Gemini, admitted in an interview with CNN that they were ready to partner with Facebook for the Libra project.

Crypto enthusiasts Winklevoss brothers told CNN’s Poppy Harlow that they would close their eyes to their rivalry with Facebook’s Mark Zuckerberg for his cryptocurrency project Libra. Whether or not they reach a deal with the social media giant, the twins believe in Libra’s potential. They said that Facebook’s digital currency project was great for the market in a period when cryptos are everywhere. Cameron noted:

I think there is a day in the future where we can’t live without crypto, or imagine a world before crypto.

CNN Interview August 18, 2019

The potential collaboration between Gemini co-founders and Mark Zuckerberg might materialize despite their old legal fight over the origins of the social media behemoth and who should be called Facebook creators.

It should come as no surprise that Zuckerberg actually consulted the brothers when developing Libra.

Back in 2011, when the dispute began, CNN sarcastically predicted that the only thing that could stop “Winklevoss twins’ legal crusade against Facebook” was the end of the universe that is estimated to come in several billion years from now. In the end, Libra might become more powerful than the anticipated heat death. This is true at least in the context of Zuckerberg-Winklevoss brothers rivalry.

Besides, the twins took solace in their role in the rapidly growing crypto industry after creating Gemini.

Tyler Winklevoss explained:

Facebook was a dispute, but it didn’t really define who we were as people. Gemini’s much more of a representation of who we are, what we stand for, what we’re interested in.

Gemini might join Libra Association

The twins, once labeled Bitcoin billionaires, have been in talks with the social media giant about joining the Libra Association. The latter is a decentralized entity that should comprise 100 members by 2020. Facebook has already unveiled 28 founding members, including Visa, MasterCard, PayPal, and Coinbase.

Tyler and Cameron said they want to learn more about Libra before making the final decision. Besides becoming part of the association, Gemini might also list Libra when or if it gets launched. Indeed, there is a minor possibility that Libra might never launch because of the regulatory pressure.

However, the Winklevoss brothers are confident in Libra’s future. Moreover, Cameron expects that each of the FAANG giants, including Amazon, Apple, Google, and Netflix, will get into crypto at some point.

Still, it is very surprising that the Winklevosses, one of the most serious enemies of Marc Zuckerberg now show interest in his most important project!

Source: CNN, Bitcoinist

Author: CryptoRobby

My Dreams I dream of applications beyond Bitcoin and cryptocurrencies. Blockchain use cases with added value to society, a #ReturnOnSociety Blockchain use cases I am currently working on: Security Token Offering for real estate, energy blockchain - proof of origin of green energy / PV panels, relief aid & blockchain, consultancy project on blockchain and Mobility As A Service (Maas), Age Verification Systems on Blockchain, Smart Cities related blockchain use cases, Islamic Banking & Blockchain (Malaysia). Events: www.crpytorobby.blog/events Social media: https://www.linkedin.com/in/robby-schwertner https://twitter.com/cryptorobby_ https://www.instagram.com/cryptorobby_/ ____________________ ► Questions? Ideas? Dreams? Visions? mail to: robert(@)schwertner.com

One thought on “Winklevoss brothers believe in Facebook’s Libra coin”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s