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Facebook’s “secret” project is changing its name

In this case, Fb’s shadow did not benefit from the non-existent Libra project.

Goodbye Libra: Facebook
Diem project. Farewell, Libra!

For the past year, everyone has been talking about cryptocurrencies, even among ordinary people who knew little or nothing. Fb was also fully involved in the Libra affair, the cryptocurrency it intended to use to make payments through WhatsApp and Messenger.

The truth is that a year later not much was known about her. Of course, it’s not operational yet, and its creators have made a decision change the course of business… and its name too. There are no more scales, we have to now welcome dear dimin

Why Fb’s cryptocurrency is a ‘bluff’, according to Mastercard director ejecutivo

Looking for more independence

As indicated by those responsible i Expression, is the main reason for the name change have more independence or more precisely: “Strengthening organizational independence”. It’s the truth lb Fb was involved in the world and many of the problems the company suffered from came within the framework of cryptocurrency.

above that designationthe other important aspect that changes with the arrival of Diem the leadership leadership. In especial, they will reach society seven new senior officers with which it is planned to move more quickly towards the de hoy launch. The explanation is as follows in relation to the appointments:

“As part of regulatory approval efforts and go-to-market advances, Diem recently enlisted a group of top experts to assist in the governance of the Association and Diem Networks, the subsidiary representing the system operator’s regulated payment. This includes the Appointment of Dahlia Malkhi as technical manager of the association, Christopher Clark as HR manager Steve Bunell as legal directivo chiran raj as Executive Vice President of Growth and Innovation and as Deputy General Counsel. In addition, Diem Networks recently announced the appointment of James Emmett as managing directivo, sterling daines, as Chief Compliance Officer, Ian Jenkin as Directivo of Finance and Risk and saumya bhavsar as General Counsel.

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