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According to the report, Facebook would also have had talks with Coinbase about the possibility of storing and converting the company's planned room. Although Coinbase is one of the largest and most popular cryptocurrency exchanges, Facebook apparently has an eye on Gemini because of its close ties to regulators. Gemini has recently launched an advertising campaign that complies with current regulations and urges the cryptocurrency industry to adopt standard best practices and comply with financial rules.
It's a bit ironic that cryptocurrency can bring Facebook and the Winklevoss twins together. That's the $ 65 million payment that the brothers received from Facebook that allowed them to invest heavily in cryptocurrency. But Facebook's interest in the sector seems to be real. Rumors have been running for months now that the company plans to launch a coin that will allow users to shop and swap money on Facebook platforms. Earlier this month, it was reported that Facebook might even consider deploying its web-based platform to compete with other payment services like Apple Pay.
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