Facebook’s Diem has global ambitions By Cointelegraph

Oct 12, 2021



The yr 2021 appears to be a giant yr for the blockchain world as a number of tasks, resembling nonfungible tokens (NFTs) and centralized decentralized finance exchanges (CeDeFis), are taking the central stage. Additionally on the forefront is Fb’s Libra.

Not too way back, the media was rife with the information that the world’s largest social media community was creating plans for a world digital foreign money. Then, after some time, it appeared like Fb (NASDAQ:) shelved plans for it. Disputes with regulators across the globe had a hand in delaying and redirecting Fb’s plans a bit. As a substitute of backing out, Fb determined to strategize and launch a “totally different” world digital foreign money later in 2021, after rebranding the mission to Diem.

1. A dependable blockchain technological basis

2. Novi digital pockets

3. The coin

1. Remittance

2. E-commerce

3. Cross-border funds

4. Governance

Michael J. Garbade is the co-founder and CEO of Training Ecosystem. He’s a serial tech entrepreneur who previously labored at Amazon (NASDAQ:), Basic Electrical (NYSE:), Rebate Networks, Photobucket and Unicredit (MI:) Group. Garbade has expertise working in the USA, Europe, Asia and South America.