It looks like 2021 will be a great year for the blockchain world, with projects such as non-fungible tokens (NFTs) and decentralized and centralized financial exchanges (CeDeFis) taking center stage. Also on the front line is Facebook’s (NASDAQ:) Libra.
Not so long ago, the media picked up the news that the world’s largest social network is developing plans for a global digital currency. Then after a while, Facebook seemed to put their plans on hold. Disagreements with regulators around the world have delayed and redirected Facebook’s plans to some extent. Rather than back down, Facebook decided to strategize and launch a “different” global digital currency later in 2021, after renaming the project to Diem.
- Related Topics: New Name, Old Problems? Rebranding from Libra to Deem still faces challenges
It’s different in the sense that they had a name and an administrative change. However, the Libra Association, later renamed Diem Association in December 2020, will manage the project.
Fusion Media OR ANYONE INTERESTED WITH Fusion Media WILL NOT BE RESPONSIBLE FOR LOSS OR DAMAGE RESULTING FROM RELIANCE ON THE INFORMATION INCLUDING DATA, QUOTATIONS, GRAPHICS AND BUY/SELL SIGNALS CONTAINED IN THIS SITE. Please be fully aware of the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment.
“Beeraholic. Friend of animals everywhere. Evil web scholar. Zombie maven.”
More Stories
TGT, the mysterious abbreviation for Spain's Cheese King | a job
Texas crude fell 0.14% to $83.02 a barrel
Electricity prices in Spain: the cheapest and most expensive hours this Tuesday