Tag Archives: Libra

Libra, the cryptocurrency backed by Facebook, has been renamed “Diem.” The Diem Association changed its name and strategy to win favor from financial regulators worldwide. Instead of offering one coin, the Diem Association will offer several, which will be tied to different countries. Stuart Levey, CEO of Diem Association, acknowledged …

Facebook is getting ready to launch its own form of currency. On Tuesday, the social network released its plan to create a new digital currency, which would be similar to Bitcoin and be available globally. The currency would also push more e-commerce on its services and boost ads on its …