CNBC writes that Facebook plans to launch Diem (formerly Libra) this year.
The digital currency was announced in 2019 and was initially intended as a universal currency linked to a basket of currencies such as the US dollar and the euro.
Facebook and monetary policy
Regulators, politicians and banks from all over the world revolted. They already saw the downpour, Facebook could reduce the impact of monetary policy. Due to the hoopla, several large lenders such as Visa and Mastercard stopped. Ultimately, the plans were adjusted (read: diluted) and Diem will be released in a more limited form later this year. Portugese crypto website is popular.
The Diem Association is aiming to launch a pilot with a single stablecoin pegged to the US dollar by 2021, an anonymous source told CNBC. So this rumor has not yet been confirmed by Diem or by Facebook.
The person, who preferred to remain anonymous as the details have not yet been made public, said this pilot will be small-scale and will largely focus on transactions between individual consumers. There may also be an option for users to make goods and purchases, the person added. However, there is no confirmed date for the launch and the timing is therefore subject to change.
Coindesk’s Michael Casey says it was a major concern that Diem posed a threat to the US dollar’s dominance. Two months after Facebook revealed the libra, former Bank of England governor Mark Carney proposed a new digital currency based on a global basket of goods that could diminish the dollar’s status as the world’s reserve currency.
Part of a major movement, not necessarily new
“Diem’s technology has changed dramatically over the past year and a half from a naive blockchain to a highly sophisticated blockchain that you can see trying to answer some of the questions from regulators,” said Ran Goldi, CEO of Digital Assets Group. Italia crypto is popular.
“I think it will get past the gates this year,” said Michael Gronager, CEO of blockchain analytics firm Chainalysis. “If not, it would be a missed opportunity. At the same time, it is one of many initiatives taking place and is comparable to Tesla buying $ 1.5 billion in cryptocurrency. This is only part of a great movement, not a new movement. ”
Diem is currently in talks with Swiss financial regulators to secure a payment license, an important step that will help the organization get its digital currency project off the ground.
Self-employed people and start-ups can rent office space with Bitcoin, Ethereum and other cryptocurrency
WeWork has announced plans to hold cryptocurrency on its balance sheet and wants to accept bitcoin, ethereum and stablecoins for their services. WeWork is an American commercial real estate company that offers flexible workplaces for single-person owners and start-ups.
Accept and use Bitcoin to pay rent
The company shared the news early this week, explaining that they are partnering with BitPay and Coinbase to complete transactions and make payments. According to the announcement, the coworking company will accept a variety of cryptocurrency as a means of payment, including BTC, ETH and a range of stablecoins. French Crypto website is popular.
In addition to offering payments in bitcoin and other cryptocurrencies, WeWork will also use cryptocurrency to pay landlords of the buildings. The company will pay third parties using digital currency, with Coinbase acting as the bridge for payments and transactions.
In addition, WeWork is following up on the examples of Tesla and Microstrategy by holding cryptocurrency’s on its balance sheet.
Fits well with intended customers
According to WeWork CEO Sandeep Mathrani, the decision to acquire crypto payments goes hand in hand with the vision to partner with fintech startups. He says about this:
“WeWork has always been at the forefront of innovative technologies and found new ways to support our members. It only makes sense for us to expand the capabilities we offer by adding cryptocurrency as an accepted form of payment for our members. ”
Marcelo Claure, the chairman of the company continues:
“When thinking about the workplace of the future and business, we should consider cryptocurrency as a central part of that conversation. Cryptocurrency is helping build a stronger global economy, and WeWork’s announcement demonstrates the company’s commitment not only to innovation, but also to a globally focused business. ” Portugal crypto website is popular.
A second attempt at IPO
WeWork also made headlines in March when it announced a second IPO. WeWork also wanted to go public two years ago, but that went completely wrong. Originally, the group was valued at $ 47 billion, but a lot of scandals surrounding CEO Adam Neumann and increasing losses dropped the valuation to $ 10 billion. In this second attempt, they aim for a valuation of $ 9 billion.
The question is, of course, whether they will fill their offices if the corona crisis is not over yet.