Meta (formerly Facebook), which has been planning to launch a digital currency called ‘Diem’ for years, has decided to terminate this project. In the news, it was stated that the reason behind this might be pressure from the authorities.
Meta (formerly Facebook) announced in the past months that it will change its name and focus on Metaverse. After this decision of the giant company, it was thought that investments in cryptocurrencies would accelerate. Already, the company has been working on a digital currency for years, and was planning to take big steps in this regard. In fact, the name of this currency was initially ‘Libra’; but later ‘Diem’ was changed to .
There has been an important development regarding the project in the past months, ‘it will support Diem’Novi’ It was announced by the company officials that the digital wallet named was ready. However, the new news has revealed that Meta has taken new decisions regarding this project and that the ‘Diem’ digital currency project has been launched. that you terminated showed.
Incoming pressures led to the cancellation of the project
According to the news published by the Wall Street Journal (WSJ), Meta; It has decided to terminate the digital money project, which is planned to include financial giants such as Visa, Mastercard and PayPal. In addition, the rights of ‘Diem’ to be sold was also reported by the WSJ.
According to the news of Investing, the people who came to the project from the USA prints and CEO Mark Zuckerberg’s testimony about ‘Diem’ may have led to such a decision. As it is known, authorities think that cryptocurrencies may damage the control over financial systems and illegal transactions may increase; therefore, he was increasing his pressure on this kind of money.
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Although such a decision has been taken, Meta still continues to invest in areas where digital assets are important, such as Metaverse. In addition, last week the company to NFTs News began to come in that he was planning to be expelled. In these news we conveyed to you; It was stated that the company is considering creating an NFT market, and it is planned to integrate NFTs into the applications of Facebook and Instagram, the social media platforms connected to Meta.
Source :
https://tr.investing.com/news/cryptocurrency-news/meta-digital-para-projesini-officially-sonlandrd-2257350