Formerly known as Libra, the Facebook-backed digital currency project faced strong opposition from regulators and lost several key backers and executives. At the same time, Diem has gone through a complete makeover and is now in talks with Swiss financial regulators to secure a payment license.
Read moreWhat is Libra coin backed by?
It is backed by a basket of assets, which include major currencies and government debt securities , which give the cryptocurrency stability. The cryptocurrency and its associated reserve will be handled by the Diem Association, an independent not-for-profit association made up of the coin’s founding partners.
Read moreCan you invest in Libra coin?
Open the Novi wallet via Messenger or WhatsApp. Enter your credit card or bank account data to be able to buy Libra Coins . Buy Libra coins with fiat currency (USD, EUR, GBP). With Libra Coins in your integrated digital wallet, use them to pay for purchases wherever Libra Coin is accepted.
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