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 moreHow much is a Libra worth?
Facebook Libra Statistics Facebook Libra Price (24hr)$0.00000126 0.00%Market CapSubmit InfoTrading Volume (24hr)UnknownTransparent Vol. (24hr)UnknownTransparency GradeUnknownFacebook Libra Price, Charts, All-Time High, Volume & Markets nomics.com › assets › libra-facebook-libra
Read moreWill Libra be the next Bitcoin?
The social media giant announced that it will launch its new cryptocurrency in the first half of 2020. As an investment, it’s likely to fall flat. Social media giant Facebook announced in June that it would launch Libra, a new cryptocurrency, in the first half of next year .
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.
Read moreWhat is Libra now called?
In December, Libra rebranded as Diem in a renewed effort to gain regulatory approval, with its scope scaled back further to a single dollar-backed digital coin. Currently, Facebook’s digial wallet Novi is one of Diem’s 26 members and a minority investor.
Read moreIs Libra a failure?
It was once promoted as a new financial system that would transform how money is transferred around the world, but Facebook’s ambitious cryptocurrency project has ended in failure.
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