Libra: Winklevoss Twins want to collaborate with Facebook
Stable Coin

Libra: Winklevoss Twins want to collaborate with Facebook

By Marco Cavicchioli - 20 Aug 2019

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The Winklevoss twins confirmed that they have been in contact with Facebook to get Gemini involved with the Libra project. 

In fact, during an interview on CNN’s Boss Files podcast, they talked a lot about Facebook, cryptocurrencies, their Gemini exchange and the Libra stablecoin. 

In the past, the twins led a real legal battle against Facebook founder Mark Zuckerberg, but now that story is behind them. 

During the interview, however, Tyler Winklevoss stated that it was still difficult for them to ignore the past when Facebook announced its intention to enter the crypto world. 

He also pointed out that both Libra and Gemini, the latter being their exchange, are named after two zodiac signs. 

At that point they confirmed that they are trying to collaborate with Facebook, saying that Libra is a good thing for the crypto sector and a step forward towards the mass adoption of cryptocurrencies. 

Cameron Winklevoss said: 

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

The talks with Facebook concerned the possibility of Gemini joining the Libra Association. In fact, in addition to the 28 founding members of the association (including the competitor Coinbase), the goal would be to reach 100 members before the launch of Libra. 

The fact is that Gemini has been working closely with the US regulatory authorities for some time, making the Winklevoss twins a good potential partner for the Facebook project. 

Compliance with the rules is one of the critical points of the Libra project and in that case, Gemini’s contribution could be useful.

The twins have however stated that they are waiting to learn more about the Libra project before deciding whether to join the association or list the stablecoin on their exchange. 

However, Cameron Winklevoss also said he expects all FAANG companies (Facebook, Amazon, Apple, Netflix and Google) to enter the cryptocurrency industry sooner or later. 

“I think that internet companies have to have a crypto strategy, and I think a lot of them are thinking about their own coin projects. They’re probably watching Libra and Facebook to see how that fares as they develop it”.

Tyler Winklevoss commented: 

“We’re in the bottom of the first inning. The game really hasn’t started”.

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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