Tyler and Cameron Winklevoss are back in the news after their recent interview with CNBC as they claimed that Digital currency will form part of all four FANG companies’ offerings by 2021. Tyler said,
“Our prediction is every FANG company will have some sort of cryptocurrency project within the next two years,”
Tom Lee, a serial Bitcoin advocate told CNBC the same prediction of the entry of tech giants’ in the digital currency industry.
“ The fact that Facebook and likely other FANG companies are going to create their own digital currencies is validating the idea that digital money is here to stay,” .
FANG is a popular synonym for the “Big Four” of the internet: Facebook, Amazon, Netflix, & Google.
The Winklevoss twins are famous for co-founding the cryptocurrency trading platform Gemini and has been huge supporters of Cryptocurrencies and have huge investments in them, especially Bitcoin.
Libra as a payment protocol is still in development, but regulators have been all over Facebook, especially in the United States, as the government services are not too excited about Facebook entering the Crypto Industry especially after their troubles with User privacy and data leaks.
However, Crypto enthusiasts claim that this nothing but a bluff and the regulation attempts are just because of the fear of Libra potentially bypassing the traditional banking system and leading to serious loss of revenue for the government and banks in the process.
This Thursday saw Bitcoin (BTC) shed over 10% of its value after a senior U.S. lawmaker delivered his concerns on Libra.
Though many are still skeptical about Libra being a cryptocurrency at all in the first place Winklevoss Twins suggested they would support the trading of Libra on Gemini, should it be open and not subject to any prohibitive restrictions.
“We’ll evaluate Libra in earnest, and it might actually be an asset that is one day listed if it’s an open protocol; that’s possible,” Tyler added.
Follow us on Twitter, Facebook, Steemit, and join our Telegram channel for the latest blockchain and cryptocurrency news
Instant Crypto Credit Lines™ from only 5.9% APR. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
You might also like
More from Crypto
Gelato Network announced that it is bringing easy automated bots and thus process automation to the Ethereum blockchain aided by …
The xToken team announced on Jul 03 that it is partnering with Kyber Protocol, to introduce xKNC - a single …