Facebook’s Libra cryptocurrency project has been rebranded to “Diem” in a new strategic move. Diem is the new name for the Libra project’s cryptocurrency. Imagine if Facebook’s ad contracts were one day tied to Diem, or if it abused its access to customers’ financial data. It runs on the Diem project’s own Diem blockchain, and the coin is held in a wallet, called Novi. I got a Facebook ad today to participate in the "Diem ICO". The website asks you to send ETH to an address to receive Diem tokens in exchange. What Is Diem, Facebook’s New Cryptocurrency? Today, Diem reiterated that it would not launch until it had blessing from FINMA, the Swiss finance regulator, which is still pending. A Look at Facebook’s Diem Wallet- Token Sale Accepts 3 Cryptos, Strict KYC, Hefty Data Collection. Providing this global community instant access to blockchain services is revolutionary in many aspects. Originally titled after the Roman unit of measurement used to mint coins the project underwent a name change in late 2020 and is now titled after the Latin word for “day”. … 3 talking about this. Facebook-backed Diem, now close to launch, is propelling crypto into the mainstream Formerly named Libra, the Diem stablecoin is now awaiting regulatory approval, writes Ilia Maksimenka of PlasmaPay. However, while Diem is a cryptocurrency in technological terms, it is also fairly unique in terms of its operation. Diem continues to pivot, now launching as a … Les crypto-monnaies de Diem. The Diem Association announced the name change on its website on Dec. 1, 2020. Facebook-backed cryptocurrency Libra has been rebranded "Diem" in a renewed effort to gain regulatory approval by stressing the project's independence. It aims to provide access to financial services to people without a bank account. Facebook and its partners plan to launch Diem, a new global cryptocurrency. I was taken to a very good looking website (link not shared to prevent other's from getting scammed). This white paper, originally published by the Libra Association in June 2019 and then re-issued as a stand-alone update in April 2020, replaces previous versions published by the Association. Instead of embracing bitcoin, Facebook is helping develop the diem cryptocurrency, formerly known as libra. Diem se concentre sur les paiements numériques. What are Diem's odds of success? Social media giant Facebook has backed the Diem cryptocurrency, which is expected to launch later this year. After the push-back from many politicians and lawmakers, Facebook and other Libra project members felt it challenging to enter the financial sector. Facebook-backed cryptocurrency Libra has been renamed "Diem" in an effort to gain regulatory approval by stressing the project’s independence. "A … Diem est la bonne solution pour les paiements numériques et ouvre la voie à une adoption plus rapide, car des milliards d'utilisateurs sur Facebook sont ses clients potentiels. Naturally, Diem will be used for payments. There were only a few minor typos. While the Democrats were quick to question the role of the social-media company in enabling the rioters in the days leading up to the march on the Capitol to organize through hashtags such as StopTheSteal and FightForTrump, the Republicans have not held back on their criticism of the social Note to Readers: On December 1, 2020, the Libra Association was renamed to Diem Association. Since its inception, the project has been heavily criticized by regulators because of Facebook’s direct involvement. What Is Diem? Internal Diem documents tend to avoid calling Diem a "stablecoin" or a "cryptocurrency," referring to Diem instead as a "payment system." Diem Is More Mature. You can use Diem coin cryptocurrency in your WhatsApp and Messenger apps to send or receive money to your love ones or any business transaction. The rebranding occurs as Diem is reportedly preparing to launch next month as a … The Facebook-backed Diem Association has finalized plans to launch its Diem cryptocurrency in early 2021. Facebook, Inc. is hoping to launch its cryptocurrency next year.David Marcus, head of Facebook Financial, or F2, told audiences at the Singapore … Diem has the potential to alter the cryptocurrency landscape more than any other project so far. In Brussels, a chief concern is what happens if Facebook’s 2.8 billion users choose to use Diem’s payment service rather than handling legal tender or asking banks to wire cash transfers — which finance ministers have warned would give the social media giant the financial power of a central bank. Enter the financial sector note to Readers: on December 1,,. 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