Latest breaking stories, features and analysis
Facebook’s Libra changes name to Diem
- The name change is coming when the Libra association wants to launch a single coin supported by one dollar.
- Facebook Libra has faced severe regulatory hurdles ever since the project was announced.
- The goal of the name change is to try and draw support from regulatory bodies towards the project.
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Facebook’s Libra project: where do we stand?
Facebook’s own digital coin project – Libra – was introduced as a new global payment system where each Libra token would be supported by several traditional currencies. The Libra Association released an updated whitepaper last month, announcing its plan to launch several stablecoins, each stablecoin backed by a single nation’s…
May 17, 2020