One of the most iconic feuds of our times may soon be ending.
In what appears to be a peace offering, ending years of bad blood between some of the world's richest people, Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, and the people who lost out on tens of billions after Mark Zuckerberg stole their Facebook concept website, HarvardConnection, may soon join the Libra Association, the consortium governing Facebook’s proposed cryptocurrency.
“We’re definitely looking at it in earnest and we’re excited about the project,” Cameron told CoinDesk Tuesday.
Tyler, who along with his brother made billions by being early investors in bitcoin, added that in their view, Libra is a harbinger of cryptos to come:“Our feeling is, this is the first of many FANG [Facebook, Amazon, Netflix and Google] companies to have a token project. Our prediction is in the next 24 months almost every FANG company will have a coin or be working on some sort of project.”
As Coindesk notes, while joining Libra might be a surprise move to some, considering the Winklevoss brothers’ legendary fight over control of Facebook with their former Harvard classmate, CEO Mark Zuckerberg, they now want to be “frenemies”with a mutual goal of promoting mainstream crypto adoption. Additionally, the twins are aiming to diversify Gemini’s token offerings by 2020, and recently applied for a broker-dealer license through the FINRA, which would allow Gemini to list digital securities.
The Libra white paper, unveiled last month, envisions “a competitive network of exchanges buying and selling Libra,” enabling holders to easily convert the coin, backed by a basket of stable government currencies, into local fiat.
Since then, Libra has become a smash hit if only at congressional hearings, with no less than several dozen mentions today during Powell's congressional testimony, typically in the context of an alternative, central bank-f...