Winklevoss Twins Are Looking to Partner with Facebook on Libra

  • Former rivals may unite to back Facebook’s cryptocurrency’s effort.
  • According to the brothers, the partnership will further their vision of mainstream cryptocurrency adoption.

Identical twins Cameron and Tyler Winklevoss – who are perhaps most famous for accusing their former Harvard classmate Mark Zuckerberg of stealing their idea for what has become the world’s largest social media platform – have hinted a potential partnership with Facebook’s cryptocurrency Libra.

Speaking to CNN on the 19th of August 2019, the Bitcoin billionaires who won an estimated $65 million settlement a decade ago over the invention of Facebook said they would be open to a partnership with Zuckerberg over Libra. They are willing to put their petty differences aside for the sake of cryptocurrency.

According to the brothers, the partnership will further their vision of mainstream cryptocurrency adoption.

More tech giants to get into crypto

Cameron believes many big tech giants will try to deploy their own digital currencies in future. Aside from Facebook, he expects Amazon, Apple, Google and Netflix to foray into crypto in the near future.

“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,” he told CNN..

The twins reportedly made a risky bet on Bitcoin (BTC) and it seems like it paid off. Initially, they bought 200,000 coins at around $7 – $8. “When Bitcoin price reached nearly $20,000 they had approximately $4 billion.

Bitcoin is currently trading around $10,650 a coin, according to CoinMarketCap. The currency is still well off its high of $20,000 at the end of 2017.

Gemini crypto exchange

In 2015, the brothers launched crypto exchange Gemini to serve individual and institutional customers. They wanted to make it easy and safe to buy, sell, and store cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

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