The Startup
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The Startup

Why Facebook’s Diem Is Not a Threat to Bitcoin

But it is another way to conduct secure online transactions.

Photo: Viktor Forgacs

Announced with great fanfare in June 2019, Facebook’s Libra digital currency project quickly triggered the wrath of the world’s major economic powers. Facebook’s Libra was initially intended to be a stablecoin backed by a basket of the world’s major currencies (U.S. dollar, euro, yen…

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