When will Diem be released?

[bitheerani319]

Diem is expected to be launched in early 2021, but there is no set date yet. This is because, in order for it to be released for circulation, there are a series of requirements that need to be met and changes that have already been made to adapt the cryptocurrency to the necessary international standards.

In fact, Facebook had already announced the currency since June 2019. The initial expectation was that it would hit the market in mid-2020. Despite this, the product was rejected as it had been conceived due to the complexities that this model would bring to the economy. At that time, according to the chairman of the US Federal Reserve, Jerome Powell, the currency raised serious concerns and would require regulatory review.

It is worth remembering that, for the first time, we would have a slovenia phone number list currency in global circulation, accessible to anyone with an internet connection and a Facebook account and that would be independent of the economy of a specific country, since it would be quoted based on a basket of international bonds from several countries combined.

Since then, some of the companies that were part of the Libra Association, the creator of Facebook's currency, have decided to leave the Association. This is the case with Visa, Mastercard, PayPal and eBay. Diem, as it is now called, has still faced pressure from the government and big names in the financial market. After the changes to comply with regulatory agencies, its restructuring is no longer as complex as before and it foresees adaptations over time.