When Rivals Become Friends: Will the Winklevoss Twins Team up with Zuck on Libra?


When it comes to rivalries in Bitcoin and blockchain, it doesn’t get much bigger than the Winklevoss Twins and Mark Zuckerberg. But now, the Twins, who head up the aptly named Gemini Cryptocurrency exchange, say they are not averse to adding another star sign to their stable – Libra. 

Cameron and Tyler Winklevoss hinted, however slightly, that they are in talks about joining the project’s governing body, the Libra Association, according to CNN. It seems outrageous, but a lot is going for a partnership like this. 

The Winklevoss Twins, who were awarded $65 million when they sued Facebook founder Mark Zuckerberg for stealing their ConnectU idea to create Facebook in 2004, have let those wounds heal.

“Facebook was a dispute, but it didn’t really define who we were as people,” Tyler Winklevoss said on the Boss Files podcast. “Gemini’s much more of a representation of who we are, what we stand for, what we’re interested in.”

More so, Zuckerberg may have taken the social media baton and run with it, but the twins have indeed established themselves as powerhouses in the cryptocurrency space. And, on a more isolated level, they are masters of navigating regulations in this space. 

The twins have been on the forefront of promoting cryptocurrency regulations, launching Gemini with a perfect record in the eyes of authorities. This kind of expertise could be a massive help for Libra who got quite a fright when everyone from the US Senate to heads of Central Banks came down on them.

According to CNN, the Winklevoss twins are still mulling over joining Facebook, but it appears that if they are to be apart of the association, it will be for business reasons. The twins are Bitcoin maximalists of note and have identified Facebook’s crypto play as part of the evolution to mass adoption. They are, reportedly, even considering listing Libra and Gemini, when, and if, it launches.

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

In fact, the Winklevoss’ are not even stopping at eyeing out Facebook in their expectations of crypto adoption. The entire stable of FAANG companies is in their considerations. Again, this is not a big stretch as all of Amazon, Apple, Netflix, and Google have at least started playing with blockchain.

Darryn Pollock
Darryn has been interested in the blockchain and cryptocurrency space since he heard about Bitcoin in 2015. He then decided to use his journalism degree to report on this fascinating fintech space in 2016, and has not looked back since.

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