Libra seeks a new future on the doorstep of its launch

Recently the Libra Association, has changed its name to diem, in search of better public perceptions, since not a few showed their concern about Facebook's support for the project.

In fact, at a hearing of the Financial Services Committee of the United States House of Representatives, the congressmen expressed their mistrust, when questioning Mark Zuckerberg about the objectives of the Libra project, according to the portal The Verge.

However, the changes to the project are not only related to its name, but it has also been decided to limit it, in such a way that it is expected that, upon its launch in January, the stablecoin is pegged only to the US dollar, rather than the currency basket.

Stuart Levey, CEO of the Association mentioned the following: “The Diem project will provide a simple platform for fintech innovation to flourish and enable consumers and businesses to make instant, low-cost and highly secure transactions”, According to the portal The Verge.

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Carlo palomino
Bachelor from the National University of San Marcos (UNMSM). With interest in Digital Law and New Technologies. I endorse the phrase: "Knowledge is useful as it is shared." Contact: carlo.palomino19@gmail.com

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