{"id":33055,"date":"2020-12-08T21:43:21","date_gmt":"2020-12-08T19:43:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33055"},"modified":"2025-08-28T11:53:03","modified_gmt":"2025-08-28T08:53:03","slug":"facebook-confirms-plans-to-launch-diem-formerly-libra-in-2021","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/facebook-confirms-plans-to-launch-diem-formerly-libra-in-2021\/","title":{"rendered":"Facebook confirms plans to launch Diem (formerly Libra) in 2021"},"content":{"rendered":"<p>Global regulators should grant Facebook-backed digital currency Diem and its Novi wallet a presumption of innocence and remove obstacles to their launch in 2021. This view is supported by David Marcus, head of Facebook Financial.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Facebook hopes the cryptocurrency it backs will launch in 2021, top exec says <a href=\\\"https:\/\/t.co\/6yk69t0iT3\\\">https:\/\/t.co\/6yk69t0iT3<\/a><\/p>\n<p>\u2014 CNBC (@CNBC) <a href=\\\"https:\/\/twitter.com\/CNBC\/status\/1336226651869417473?ref_src=twsrc%5Etfw\\\">December 8, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The head of the social network&#8217;s payments initiative division reminded that <a href=\"https:\/\/forklog.com\/en\/news\/media-libra-stablecoin-set-to-launch-in-january-2021\">await approval<\/a> from regulators. He is convinced that moving away from a closed system accessible only to Facebook and Messenger users, and creating a consortium with other companies, will help to temper government concerns.<\/p>\n<blockquote>\n<p>&#8220;I don&#8217;t think we&#8217;re asking for immediate trust. Rather, it&#8217;s about the presumption of innocence. All the steps taken to overcome resistance to realising our ambitions so far are a legitimate reason to view our plans that way,&#8221; Marcus explained.<\/p>\n<\/blockquote>\n<p>The head of Facebook Financial noted that there are no examples in history of a company investing substantial resources in developing a product or service and then relinquishing control.<\/p>\n<blockquote>\n<p>&#8220;We will try to make this as open an ecosystem as possible, and tie one or both hands behind our backs to ensure competition,&#8221; Marcus explained.<\/p>\n<\/blockquote>\n<p>Earlier, on December 1, the Libra Association <a href=\"https:\/\/forklog.com\/en\/news\/libra-association-renamed-to-diem-association\">renamed<\/a> to Diem Association. In May, Facebook conducted a rebranding of the Libra wallet, renaming Calibra to Novi.<\/p>\n<p>German Finance Minister Olaf Scholz <a href=\"https:\/\/forklog.com\/en\/news\/germanys-finance-minister-brands-libras-renaming-a-wolf-in-sheeps-clothing\">noted<\/a> that the Facebook currency rebranding is not sufficient to dispel regulators&#8217; concerns.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 full feed of news, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global regulators should grant Facebook-backed Diem and its Novi wallet a presumption of innocence and remove obstacles to their 2021 launch. This view is supported by David Marcus, head of Facebook Financial.<\/p>\n","protected":false},"author":1,"featured_media":33056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[790,611,1089],"class_list":["post-33055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-david-marcus","tag-facebook","tag-libra"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33055"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33055\/revisions"}],"predecessor-version":[{"id":33057,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33055\/revisions\/33057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33056"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}