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Facebook's Digital Currency Renamed Diem

2020-12-02 18:03:42| TechNewsWorld

Libra, the digital currency announced by Facebook last year, is getting a new name. Libra will now be Diem. The new name will reenforce the currency project's independence, according to a statement released by the Libra Association, which is also changing its name. From now on it will be the Diem Association.

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Shenzhen residents embrace digital currency

2020-10-13 10:54:24| BBC News | Business | UK Edition

A trial of the currency proves popular, as China's central bank prepares to launch it later this year.

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Central Bank Digital Currency: The birth of a fintech arms race?

2020-10-13 02:00:00| Total Telecom industry news

We have heard it time and time again during the pandemic: digitalisation is accelerating. But while this change has been dramatic in a whole variety of industry sectors, in the financial sector the change could in fact be as profound as changing the form of currency itself: so-called Central Bank Digital Currency (CBDC). CBDC is a digital, electronic form of central bank money; effectively, a digital form of cash. There are maybe two starting points for this transformation. The first is the emergence of cryptocurrency. We have all heard of Bitcoin,perhaps the most well-known digital currency, but there are rafts of alternative cryptocurrencies available online…read more on TotalTele.com »

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