Report: Facebook’s digital currency “Diem” is expected to be launched by the end of 2021
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Answer Report: Facebook’s digital currency “Diem” is expected to be launched by the end of 2021
After many delays, internal changes and rebranding, it is finally possible to launch Facebook’s cryptocurrency project by the end of this year 2021, she said.CNBC“.
It will start a small Facebook coin backed by a single stable currency, and will focus on transactions between individual customers.
Citing a person familiar with the matter, CNBC reported earlier today that Diem plans to launch its long-awaited stablecoin by the end of 2021.
At the launch of the product, the Switzerland-based company will focus on transactions for individual customers, including the possibility of purchasing goods.
The report confirmed that there is no official release date yet.
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Previously, Christian Catalini, chief economist at Diem, indicated that the project was actively negotiating with regulators in order to define a phased approach before the official launch.
“As soon as we see the green light,” Catalini added, we will start experimenting with a small number of users and a small number of players.
The Facebook-backed stablecoin Libra was announced in 2019 and has faced intense scrutiny by watchdogs for its initial idea of being a single global digital currency.
Tensions escalated with the withdrawal of many partners from the project, some of these names included early backers such as “MasterCard”, “Visa”, “Spotify”, “Uber” and “Paypal” …
To overcome the setbacks and get away from them, the entire project received a complete turnaround in its career.
The stablecoin was renamed from “Libra” to “Diem,” and the “Calibra” wallet, previously called “Novi,” became.
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In addition, some reports have claimed that the Novi team plans to build a wallet to hold several cryptocurrencies.
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