Diem, Facebook’s cryptocurrency, could be launched at the end of 2021

A new claim has been made about when Facebook’s cryptocurrency Diem will be available.

According to CNBC’s report, Facebook may launch the crypto money project Diem , which it has been working on for a long time, in late 2021. After many delays, system changes, and rebranding, Facebook’s cryptocurrency Diem may be available very soon. 

Diem was developed as a stablecoin focusing on transactions between individual customers . As CNBC reported earlier yesterday, the stable crypto currency Diem, which Facebook has been working on for a long time, will be available in December 2021 .

After the launch of Facebook-backed stable crypto money, which was announced as Libra in 2019, many changes and developments have occurred in the period that has passed until today. 
Pressure on the company increased as many partners withdrew from the project. The Diem Foundation’s partners included MasterCard, Visa, Spotify, Uber, PayPal, and many more tech giants. The withdrawal of these supports negatively impacted the brand development of Diem, the project known at the time as Libra.

After these developments, the name changed in the Facebook project. The project, announced under the name of “Libra” in 2019, now appears as Diem (Latin: Day). Additionally, the name of the Calibra wallet has been updated to Novi. Diem, who is planned to come with his new name and vision, is a matter of curiosity about how it will be and what effect it will have.

Write a Comment