Facebook’s ‘Libra’ digital currency project combined incompetence and arrogance and was bound to fail , says David Gerard, our guest on the latest New Money Review podcast. … The firm apparently thought it could just launch a new global digital currency on the basis of a good idea, he says during the podcast.5 Kas 2020
Read moreIs Libra still a thing?
In December 2020, Libra was rebranded as Diem , and Libra Association renamed Diem Association. As of December 2020, Diem Association has 27 members.
Read moreWhy did Libra get shut down?
The Diem project, launched by Facebook as “Libra” in 2019, is shutting down following scrutiny from financial regulators . The so-called stablecoin was to be pegged to the US dollar.
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