• Facebook's Diem May Release Its First Digital Currency Later This Year

    16 days ago - By Hypebeast

    The Facebook -backed Diem is on the verge of releasing its first digital currency. Diem was first proposed by Facebook back in 2019 when the project was known as Libra. Unfortunately, the proposal was met with strong resistance and condemnation from governments and regulators all across the globe, leading to some of its largest backers withdrawing, including PayPal , Visa and MasterCard. Shifting the concept from one digital currency linked to a basket of sovereign currencies to now simply an array of stablecoins backed one-to-one by different government-issued currencies, Diem is now...
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