what is facebooks cryptocurrency called

Last Updated on July 30, 2023 by Paganoto

Facebook's dream of creating its own global cryptocurrency …

New York (CNN Business) In June 2019, after years of being under scrutiny for the impact its platforms have on society, Facebook unveiled one of its most ambitious projects yet: a cryptocurrency called Libra, which would be backed by an international consortium of companies.Feb 1, 2022

Diem (digital currency) – Wikipedia

Facebook established the Libra Association (later renamed to Diem Association) to oversee the currency, founded in · Seven other companies had been named as …

Facebook's cryptocurrency project Diem is likely coming to an …

More than two years after it was first announced, the Facebook-sponsored cryptocurrency formerly known as Libra appears to be coming to an …

Facebook-backed Diem aims to launch digital currency pilot in …

Now known as diem, the Facebook-backed digital coin is expected to launch later this year, albeit in a much more limited form. When it finally …

Diem cryptocurrency will be in 'class of its own,' Facebook …

Diem is the cryptocurrency that grew out of Facebook’s in-house project that began in 2017 and was first known as Libra.

Facebook-backed cryptocurrency sold amid regulatory pressure

Facebook, which rebranded itself as Meta last October, had first announced its plans to introduce a cryptocurrency called Libra in 2019.

Meta's Novi Service to Be Phased Out: What You Need to Know

Diem wasn’t actually Facebook’s cryptocurrency. It was a project of the Diem Association, which Facebook originally co-founded as the Libra …

Facebook-funded cryptocurrency Diem winds down – BBC News

Facebook intended Diem to be a stablecoin which, as the name implies, is a type of cryptocurrency designed to be less of a financial …

Facebook scales back its crypto ambitions once again

Facebook is launching a small pilot of its cryptocurrency wallet named Novi. A limited number of people in the U.S. and Guatemala can sign …

Facebook's crypto project sold after political backlash – Politico

The announcement caps a nearly three-year odyssey on the part of Facebook and its partners to launch a digital currency. The Facebook logo is …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.