Decision to change from Facebook to Cryptocurrency name !

The cryptocurrency "Libra" was recently announced by Facebook, but Facebook decided to change its name and announced that it would be released as soon as possible.

Diem, the new name for Facebook's changing currency

Facebook, one of the largest social media platforms, was expected to launch cryptocurrency Libra in January, but Facebook went to a name change and changed the name of the cryptocurrency from "Libra" to Diem

Facebook also managed this project with the Libra Foundation. The foundation leading the project was also renamed the "Diem Foundation". This cryptocurrency was first announced in June 2019. After it was announced, it received a reaction due to the intense attention it received and security concerns were raised as a result.

News site Financial Times said in a statement that this currency could be released as a single dollar-backed coin as early as January 2021. Stuart Levey, CEO of the Diem Foundation, announced in a speech that this project will improve FinTech innovation and, with it, be a beneficial project for consumers and businesses. With this project, he announced a low-cost platform for consumers and operators and a highly reliable platform to avoid undermining the trust of consumers and businesses.