Facebook’s Libra is Diem now

To get the permissions from the regulators, the devs had to change many things in the Libra, the blockchain-project of Facebook. So they decided the rebranding, and now, the Libra is Diem, the Calibra wallet will be named Novi. Based on expectations, and the plans of the Diem Association, the project will start in January 2021, but the exact time is unknown.

The idea of “world-money” from Facebook (more than two billion users, it is the biggest “economy” in the world) affected the rulers of our society, like the full-steam to an engine. The previously ignored topic of cryptocurrencies and the crypto industry became a number one issue in governments and parliaments. We could say, the regulators can’t hurry more to release their own digital currencies, answering the challenge of others.