Cryptocurrency Heralds Something Greater Than Facebook Winklevoss Twins

Tyler and Cameron Winklevoss, Bitcoin (BTC) bulls and founders of the Gemini crypto exchange, say that while Facebook's secret crypto project is positive for the industry, ultimately crypto will bring in something greater than the social networking era. The Twins made their remarks during an interview with British Broadsheet The Telegraph on March 17.

The Winklevoss twins have a famously antagonistic history with Facebook's founder Mark Zuckerberg, has sued him for allegedly stealing the idea for the social network from them during the trio's student days at Harvard. The case was finally settled, with twins receiving $ 20 million and 1.2 million Facebook shares (worth over $ 199.2 million to press time).

Years after the Winklevoss twins' first entry into Bitcoin, Zuckerberg is now seemingly entering the crypto space with Facebook's own highly secretive project to integrate crypto stablecoin payments into an overarching messaging service for WhatsApp, Facebook Messenger and Instagram.

In their interview with The Telegraph, the twins put past differences apart, with Cameron affirming that a Facebook stablecoin would be a "really positive" development for the crypto industry, echoed by Taylor's comment that it is "cool" Zuckerberg is entering the market they have championed for so long.

However, the twins finally concluded that the innovation that cryptography has announced represents an important and hindering development from the social media platform.

Cameron emphasized that "the crypto conveys value and places markets on some resources, more importantly, more and more people love, likes, like sharing pictures," Tyler added:

"[It is] powerful. People want to make connections and make connections, but if you pay people and valuables, that's more important."

As reported by Cointelegraph, unpublished reports on Facebook's plans for embedding Crypto Currencies for WhatsApp users were first released in December 2018, followed by additional details - an undefined project. In February.

The site is preceded by the encrypted email application developed by Russia and designed by the public to create a crypto block and blockchain network.

Winklevoss Twins, whose many investments in cryptocurrency cover, their cryptocurrency exchange and application in trading, their stable indexed and sustainable industry involvement bitcoin trading agreement for several years.


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