Tag Archives: Diem Association (Libra)

David Marcus– board member of the Diem Association and head of digital wallet Novi– revealed in a recent blog post that the Diem payment system had been licensed in nearly every state. Diem as a Global Payment System Marcus happened to reveal the news in the middle of a recent Medium post titled Good stablecoins, a protocol for money, and digital wallets: the formula to fix our broken payment system. The post was intended to explain why stablecoins could fix a number of...

The Diem Association announced a strategic partnership with the crypto-friendly US bank – Silvergate Bank. Consequently, both parties plan to launch a stablecoin pegged to the American dollar. Additionally, the Association will relocate from Switzerland to the United States. A New Home for Diem The blockchain-based payment system Diem, launched by the social media behemoth Facebook, announced a new model of its impending stablecoin. The project – formerly known as Libra –...