Facebook cryptocurrency blockchain

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Facebook says that this is pilot of its cryptocurrency wallet.

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Facebook's Libra Cryptocurrency
Diem (formerly known as Libra) was a permissioned blockchain-based stablecoin payment system proposed by the American social media company Facebook. Unlike bitcoin, it would be backed by something real: a reserve of low-risk assets including bank deposits in various currencies and US. Facebook has finally made its long awaited foray into cryptocurrencies, but the project is a shadow of its ambitious initial plans.