Diem and the economy
Diem and the economy January 3, 2021 The Facebook Diem is a cryptocurrency that Facebook announced on June 18, 2019. The project was announced by CEO Mark Zuckerberg, but its creators are actually Morgan Beller (staff at Facebook blockchain division), David Marcus and Kevin Weil (Novi’s Vice President of product). The original plan for the proposed cryptocurrency was to create a stable coin that would be backed by a basket of assets (currencies like the Euro, Singapore dollar, US dollar, Pound sterling), but in November 2020, according to a report by The Financial Times, Facebook announce...