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Tyler and Cameron Winklevoss, co-founders of the New York-based Gemini crypto-exchange, may soon join the Libra Association, the consortium that governs Facebook's proposed cryptocurrency project.
"We're really looking into it and we're excited about the project," Cameron told CoinDesk on Tuesday.
Tyler added that in their eyes, Libra is a harbinger of future cryptos:
"Our feeling is that this is the first of many FANG [Facebook, Amazon, Netflix and Google] companies to have a token project. Our prediction is that in the next 24 months, almost all FANG companies will have a coin or work on a project. "
Joining Balance could be a surprise for some, given the Winklevoss brothers' legendary fight over Facebook's control with its CEO, Mark Zuckerberg, their former Harvard clbadmate. But now they want to be "enemies" with the common goal of promoting the adoption of crypto.
In addition, the twins aim to diversify Gemini's chip offering by 2020. They have recently applied for a broker license from the Financial Regulatory Authority, which would allow Gemini to list securities. digital.
The White Paper on Libra, unveiled last month, envisions "a competitive trading network buying and selling balance", allowing holders to easily convert the coin, backed by a basket of stable government currencies, into currency. local.
To date, only one cryptographic exchange, Coinbase, has joined the Libra Association, also bringing together traditional financial players such as PayPal, Visa, Mastercard and venture capitalists such as Union Square Ventures and Andreessen Horowitz. (The custodian of Xapo cryptography is also a member.)
Play well
The Winklevoss are also personally invested in Filecoin and Tezos. They could therefore offer examples of the types of "utility tokens" they would like to offer in exchange with regulatory approval, Tyler said.
"We ask [regulators] for permission, not sorry, "added Cameron.
Although US lawmakers have so far reserved an icy welcome to Facebook's global cryptocurrency project, even urging the badociation to halt development, the Libra vision of a global currency is aligning with elsewhere on the goals of the twins for their own exchange. Cameron said they wanted to expand internationally, starting with Europe and Asia.
"Our market will be virtual products, virtual titles, and so on," said Tyler. "Almost anything that can fall into a blockchain."
From his point of view, "traditional adoption" means higher prices for cryptocurrencies.
"If Bitcoin is really Gold 2.0, it must have a market capitalization of $ 7 trillion," he said. "I think market capitalization is a good measure of adoption and how many people are actually encrypted."
Winklevoss image via Shutterstock
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