What are the promises for Diem Dollar?

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Diem Dollar , Facebook's currency , is undergoing several adjustments before it is accepted and regulated. Among the main changes since the project was announced are the name, which was previously Libra, and the issuance. At this time, the group plans to issue a stablecoin that will track the US dollar.

Facebook's digital currency was created with the aim of being more slovenia phone number list and accessible than existing ones. Another feature of Diem is its security: because it has identifiable participants behind the network, the money is much more traceable than other cryptocurrencies. Furthermore, its acquisition also promises to be much simpler: all you need is a cell phone with internet, an account on the social network and your CPF.

If the cryptocurrency gains as many followers as expected, Diem could truly change the entire dynamics of the global economy. This is because it would be a private currency, over which other countries would not have much influence. With that in mind, it would be influenced by other factors — its value would not depend on the economy of just one nation, but on several combinations.

Another promise of Diem Dollar is to facilitate business transactions, especially on social media (via Facebook, payment via WhatsApp and purchases on Instagram, for example). This is yet another way to facilitate and diversify payment methods (another way is Pix for companies , for example).