Altcoin News: Winklevoss Predict Launch of Google and Amazon Crypto Projects Within Two Years

July 11, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Cameron and Tyler Winklevoss expect that by 2021 digital currencies will enter the business of all four companies from the FANG group (Facebook, Amazon, Netflix and Google). They stated this in a conversation with CNBC at the beginning of the week.

Commenting on the announcement of Facebook cryptocurrency, the founding brothers of the Gemini exchange noted that the launch of similar tools by other companies in the technology sector is only a matter of time.

“Our prediction is every FANG company will have some sort of cryptocurrency project within the next two years, ” Tyler said.

At the same time, the brothers maintain the position of regulators who seek to resolve all existing contradictions before giving the green light to the initiative. They also expressed their willingness to add Libra support to Gemini, if there is a technical and legal opportunity for this.

“We actually think it’s a very interesting trade because Libra as we know it is a basket … it is tied to assets that are stable whereas Gemini dollar is a one-to-one peg so we think there is a use case for both types of instruments, they are not apples to apples,” said Tyler. “I think that a bitcoin-Libra trade pairing or a Libra-Gemini dollar could actually be quite interesting.”

The brothers do not exclude that their own crypto exchange can enter the Libra Association in order to manage the project. Currently, the only cryptocurrency exchange within the organization is Coinbase.

Author: Marko Vidrih