The Libra Association consortium, created by Facebook, decided to change its name to Diem Association. In this regard, the name of the Libra cryptocurrency launched by the organization was changed to Diem.
According to the Association’s head, Stuart Levey, “the new name shows the growing maturity of the project.” Experts of the cryptocurrency market believe that the name change indicates a desire to distance themselves from the negative context with which the yet-unreleased Libra cryptocurrency has become associated with criticism regulators.
The Diem Association does not provide the exact timing of the issue of the new cryptocurrency. However, in late November, it became known that the Facebook cryptocurrency could be released as early as January 2021.
At the same time, it is planned to launch a cryptocurrency wallet. Note that the division that is working on this project, Calibra, was renamed Novi in May.