Gemini Exchange sponsors this two centuries old sporting event

Sandra Loyd

The centennial boat race between the universities of Oxford and Cambridge, England, will be organized this year by Gemini, one of the main Bitcoin and cryptocurrency exchanges in the world.

The event of the A sport also known as rowing, it has been held year after year since 1856 between the University of Cambridge and the University of Oxford, although the first of these competitions was held in 1829, 192 years ago.

The competition it was suspended only during the First World War (1914-1918) and the Second World War (1939-1945), as Wikipedia points out. This year will not be held on the River Thames in London, England, as usual, due to the Covid-19 pandemic.

Instead, Gemini will participate as the main financier of the race to be held on April 4 on the Great Ouse River, in the town of Ely, England, a few hours away from the city of Cambridge.

Brothers Tyler and Cameron Winklevoss , who founded Gemini in 2014, are rowing athletes and were part of the team American in the Beijing Olympic Games (2008), as well as participated in the Oxford team in the edition of this race in 2010.

In a publication on the Gemini website, the brothers announced that they will award a scholarship of 75,000 pounds sterling (GBP) , an amount equivalent to more than USD 100,000, according to MorningStar, to an undisclosed number of students from the aforementioned universities.

“Our alliance a will allow the 166th men’s competition and the 75th women’s race to be carried out safely, as well as we will be able to finance high performance training in rowing at the universities of Oxford and Cambridge, and thus bring this sport closer to young people through the Gemini Boat Race scholarship. The GBP 75,000 scholarship will provide students with rowing training and education, removing financial barriers that limit them. ”.

Tyler and Cameron Winklevoss, founders of Gemini.

The brothers assured that This initiative combines his two great passions: rowing and cryptocurrencies. To celebrate that Gemini is now the main commercial ally of this competition, they announced that they will not charge fees for purchases and exchanges (trading) of cryptocurrencies on their platform to users residing in the Kingdom United for two weeks.

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Brothers Tyler and Cameron Winklevoss were Olympic rowing athletes with more than 20 years of experience in the sport. Source: Winklevosscap / Instagram

For its part, Boat Race Company Limited (BRCL) , a private entity that organizes the competition, assured in a press release that all security measures will be taken regarding the coronavirus. They also ensure that the BBC, the main media consortium in the United Kingdom, and one of the main in the world, will broadcast the games, bringing cryptocurrencies through Gemini to individuals and institutions.

The Winklevoss brothers have been promoters of Bitcoin and cryptocurrencies for a long time, as a remarkable team of pioneering entrepreneurs in the industry. As reported by CriptoNoticias, last year the Winklevoss twins assured that Bitcoin would reach USD 500,000 in the next decade . Likewise, they recently assured that ether, the cryptocurrency of Ethereum, was undervalued, but that it would have exponential growth thanks to decentralized finance platforms (DeFi).

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