What is Diem? New Digital Cryptocurrency reported to Launch from Group Libra by Facebook!
A Cryptography ledger to be launched by Facebook in upcoming year 2021. It will be a new Digital Currency that will transform financial industry. It was the most long wait than expected and consist of 27 members.
In a renewed effort to secure regulatory approval, #Facebook-led digital currency Libra on Tuesday was rebranded as “Diem."#digitalcurrency $diem https://t.co/N2uIK2o63s
— Forbes Middle East (@Forbes_MENA_) December 1, 2020
As to operate a payments services, Diem is looking for endorsement from Switzerland’s Financial Markets Supervisory Authority.
Diem. A new name for a new day, when it’s easy, secure, and affordable to send money anywhere.
Together, we’re building a trusted, #innovative financial network for people and businesses around the world.
Come see our work: https://t.co/SKGuO1eagJ pic.twitter.com/grgtUUT3LL
— Diem Association (@DiemAssociation) December 1, 2020
As quickly as January 2021 in spite of hindrances, Facebook’s long expected cryptocurrency, Diem, can be hurled.
The Diem Blockchain is a cryptographically authenticated distributed database.
What does this mean?
🕵️♀️ Learn more by starting your journey from our Core Concepts section: https://t.co/ljQNkkXMiU
— Diem Developers (@DiemDevelopers) December 14, 2020
In 2021, Diem would be able to see hope and become a part of Facebook’s payments ecosystem after a longer than expected wait. The Diem, that is to be unconfined by Facebook’s might have a different version of the first look of a digital compound coin and is likely to be unconfined only in limited arrangement.