Facebook-backed Libra Association changes its name to Diem
Wed, Dec 2, 2020 2:51 AM

Facebook-backed Libra Association changes its name to Diem

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Libra Association, a cryptocurrency project started by Facebook Inc. that drew regulatory blowback worldwide, is hoping a new name offers a fresh chance to win over regulators and gain a foothold in the emerging market. The group will now be known as Diem Association, named for the word “day" in Latin, with its subsidiary Diem Networks serving as the payment system operator.

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