Facebook-Backed Libra Association Has Renamed Itself “Diem”

Read more on this subject: Currencies
News Story Source: https://www.zerohedge.com, by Tyler Durden
Perhaps getting closer to a launch with Bitcoin near highs, The Libra Association is rebranding itself as The Diem Association, it said in a press release early this week. Is it possible people knew the name Libra and already weren't taking it serious enough? Or is the organization simply trying to distance itself from Facebook?

"The Libra Association announces the adoption of a new name and the recruitment of key executives, reinforcing its organizational independence," it said on Tuesday. The organization said it "will continue to pursue a mission of building a safe, secure and compliant payment system that empowers people and businesses around the world."

Stuart Levey, the Diem Association's CEO, said: "The Diem project will provide a simple platform for fintech innovation to thrive and enable consumers and businesses to conduct instantaneous, low-cost, highly secure transactions."

He continued: "We are committed to doing so i
Read More or Make a Comment

Bookmark the permalink.

Comments are closed.