Facebook claimed he claimed help from Winklevoss twins for his cryptocurrency

According to the report, Facebook has also held conversations with Coinbase about the ability to store and convert the company's planned coins. While Coinbase is one of the largest and most popular cryptocurrency exchanges, Facebook apparently has an eye on Gemini because of its close links to regulators. Gemini recently launched an ad campaign to meet existing regulations and has encouraged the crypto industry to embrace standard regulations and adhere to financial rules.

It is a little ironic that cryptocurrency can bring Facebook and Winklevoss twins together again. It was the $ 65 million settlement payment the brothers got from Facebook that made it possible for them to invest heavily in cryptocurrency. But Facebook's interest in the sector seems to be real. Rumors have swirled for several months now as the company plans to launch a coin that allows users to make purchases and exchange money across Facebook platforms. Earlier this month, it was reported that Facebook may even appear to take its platform across the web to compete with other payment services such as Apple Pay.

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