A secretive unit of Facebook has been working for more than a year to create a currency that its 2 billion users can use to send money to each other and to buy things, not just on Facebook, but across the internet and in the real world.
The Gemini cryptocurrency exchange - founded by Tyler, left, and Cameron Winklevoss - is notable for its links to regulators.
But the project will be “bigger and more open” than just a way to make payments and purchases within Facebook, according to three people familiar with the project. According to two people familiar with the matter, Facebook has also held talks with at least two cryptocurrency exchanges, Coinbase and Gemini, through which users could store their coins safely or could convert the Facebook coin into other cryptocurrencies or fiat currencies such as the dollar. Both exchanges declined to comment.
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