What Is The Facebook Cryptocurrency

Last Updated on August 7, 2023 by Paganoto

Libra Cryptocurrency – Overview, How It Works, Purpose

Libra was a cryptocurrency created by Facebook, designed to be a simple, low-fee stablecoin to be used around the world. The digital currency was renamed Diem in 2020 and in 2022, was wound down in 2022.Jul 7, 2022

Facebook's dream of creating its own global cryptocurrency …

Complicated from the start. When Facebook announced Libra, the plan was to create a universal cryptocurrency that could be accessed by digital …

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 …

Diem (digital currency) – Wikipedia

Diem (formerly known as Libra) was a permissioned blockchain-based stablecoin payment system proposed by the American social media company Meta Platforms.

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 …

Why Is Facebook Getting Into Cryptocurrency? – IEEE Spectrum

Facebook is on the cusp of launching an ambitious new cryptocurrency-based payment system that it says will boost financial inclusion and slash transaction …

Facebook Steps Toward Cryptocurrencies – IEEE Spectrum

Facebook has finally made its long awaited foray into cryptocurrencies, but the project is a shadow of its ambitious initial plans. The company has launched …

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 …

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. It …

Paganoto

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