Facebook Coin to Launch

 

FACEBOOK COIN IS NOW RENAMED 

In the last quarters of 2020,
Facebook launched its "LIBRA Association" coin ... According to some diagnoses, Facebook has updated the "LIBRA Association" coin with "Diem Association".______________________________________
And they start it.

THEN

NOW

Facebook is a social media Giant with more than 2 billion users. The "Diem" coin is a centralized currency and also a stable currency (not like Bitcoin, with an unstable price, it goes up one day, goes down another day). DIEM is not a token, but it has its own blockchain.
It is possible that the payment is based on "DIEM" and you can buy Bitcoin Ethereum, etc. through "DIEM" and vice versa.____________________________

Who are the founders of Facebook Diem? 

 The Diem Network is a project of the Diem Association, an independent non-profit association whose founding members include social media giant Facebook, payment processors Mastercard and PayPal, crypto and blockchain companies Coinbase and Bison Trails, and the venture capital company Andreessen. Horowitz belonged to tech and nonprofit organizations. In the meantime, however, several founding members have  left the association under official control, including PayPal and Mastercard. 

 Facebook was very involved in the development of the project, although it is now shared with the other members of the association. In June 2019, Facebook announced that it had founded a new subsidiary called Calibra, which has since been renamed Novi, to develop the front-end infrastructure to access Diem, starting with a digital wallet that integrates with the apps themselves. Facebook Will. 

 Novi is led by David Markus, who also oversees all of Facebook's payment and financial services products. He led the development of the project at Facebook before it was launched as an independent association. 

Before joining Facebook, Markus was vice president of mobile devices at PayPal and later president of the company. He has founded several companies, including the mobile payment company Zong. 

 In May 2020, the Diem Association appointed Stuart Levey as its first CEO. Levey was previously Chief Legal Officer of the global banking company HSBC, where he was also a member of the Executive Committee. Levey previously worked for the  George W. Bush and Barack Obama administrations as Secretary of State for Terrorism and Financial News in the Treasury Department. 

 What makes Facebook Diem unique? 

 According to its whitepaper, Diem aims to create a global, open and distributed payments network  to develop a more inclusive and innovative payment system that can be easily accessed from mobile devices. It intends to launch a range of stablecoins that form the backbone of the "Internet of money," including tokens that are pegged to the US dollar, the euro, the British pound, and the Singapore dollar. The project also plans to issue a multi-currency token, XDM, made up of its single-currency coins. 

 To achieve this goal, Diem is building a new blockchain called the Diem Blockchain, which is based on Move, a newly created smart contract language  designed to prevent cloning of digital assets. Diem assumes that his blockchain can serve billions of users. 

 The Diem Association receives funds in the form of dues from its members, and each founding member pays a  membership dues of $ 10 million. Therefore, much of the business plan focuses on getting new members on board and ensuring that existing members renew their commitment