Facebook Diem on the run for launch

[Dunamisx]

It is no more a new that Facebook Diem project already have been acquired by Silvergate Capital Corporation. Thks ks as a result of several attempt to launch the stablecoin but in which all efforts seem futile after it initial failed Libra project, Diem was unsuccessful due to regulators challenges.

The project now has been acquired by Silvergate Capital Corporation and the state of agreement deal read as follows:

Under the acquisition agreement, Silvergate has issued 1,221,217 shares of Class A common stock to Diem and paid $50 million in cash. Based on the closing price of Silvergate Bank (NYSE: SI) on January 31, 2022, the aggregate value of the consideration was $182 million. Silvergate will also additionally pay approximately $30 million as integrating the acquired assets into Silvergate’s existing technology.
https://crypto-economy.com/diem-association-has-announced-the-sale-of-its-intellectual-property-and-other-assets/?utm_source=thecryptoapp

Diem is the second of Mark Zuckerberg's attempted failed project after Libra the first attempt, now all efforts and much concentration is on the metaverse in which seems to give a positive signal to derived a successful launch.

[bittraffic]

It is no more a new that Facebook Diem project already have been acquired by Silvergate Capital Corporation. Thks ks as a result of several attempt to launch the stablecoin but in which all efforts seem futile after it initial failed Libra project, Diem was unsuccessful due to regulators challenges.

The project now has been acquired by Silvergate Capital Corporation and the state of agreement deal read as follows:

Under the acquisition agreement, Silvergate has issued 1,221,217 shares of Class A common stock to Diem and paid $50 million in cash. Based on the closing price of Silvergate Bank (NYSE: SI) on January 31, 2022, the aggregate value of the consideration was $182 million. Silvergate will also additionally pay approximately $30 million as integrating the acquired assets into Silvergate’s existing technology.
https://crypto-economy.com/diem-association-has-announced-the-sale-of-its-intellectual-property-and-other-assets/?utm_source=thecryptoapp

Diem is the second of Mark Zuckerberg's attempted failed project after Libra the first attempt, now all efforts and much concentration is on the metaverse in which seems to give a positive signal to derived a successful launch.

If facebook wasnt able to launch it successfully because of the government, what makes Silvergate think they can that they bought the Diem project?  Are they backed by the government itself?

With Meta, I think facebook is ready to forget just about anything behind and just develop what they have right now for Metaverse. They are more than thankful for the government to have blocked Libra otherwise facebook is developing a worthless project.

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[Pejoh Asu]

We always wait for big global companies like Facebook, Google, or twitter to release new crypto soon, I'm sure they have a team of analysts who will determine the long-term policy of accepting crypto or not, but I'm optimistic that with the crypto community that continues to grow rapidly it will make them immediately make coins to facilitate transaction systems such as ad payments.

[breathlessz]

We always wait for big global companies like Facebook, Google, or twitter to release new crypto soon, I'm sure they have a team of analysts who will determine the long-term policy of accepting crypto or not, but I'm optimistic that with the crypto community that continues to grow rapidly it will make them immediately make coins to facilitate transaction systems such as ad payments.

I think creating the token itself is necessary for such a big company. but until now it has not been done, in my opinion there must be something that makes the situation and conditions not possible. on the other hand, they already have a clear product, it is already running, so it is not difficult for them to develop their own token. while there are many new projects where the product is questioned to analyze whether the project is good or not

[SaveOurSea]

We always wait for big global companies like Facebook, Google, or twitter to release new crypto soon, I'm sure they have a team of analysts who will determine the long-term policy of accepting crypto or not, but I'm optimistic that with the crypto community that continues to grow rapidly it will make them immediately make coins to facilitate transaction systems such as ad payments.

Seeing the development of cryptocurrency so far which is growing rapidly I think it's just a matter of time for the big companies Google or the ones you mentioned above to make coins,
Moreover, cryptocurrencies will not stop here in their development because every year crypto continues to be big,
The important thing is to keep up with the progress

[Lubang Bawah]

with the reputation and the largest number of social media users today, of course Facebook has many advantages if you immediately make your own coins, I'm sure it won't take long for Facebook coins to be ranked in the top 10, unfortunately until now I haven't received official confirmation from Facebook to make coins immediately.

[Renampun]

We always wait for big global companies like Facebook, Google, or twitter to release new crypto soon, I'm sure they have a team of analysts who will determine the long-term policy of accepting crypto or not, but I'm optimistic that with the crypto community that continues to grow rapidly it will make them immediately make coins to facilitate transaction systems such as ad payments.

for Twitter, I'm not sure they will issue their own token...

since the founder of Twitter (jack) focused on developing the lighting network, I suspect he will never make a new token that will be the opposite of bitcoin but Facebook has long announced they will issue their token (which is still not circulating). offend google. It seems that there will never be tokens issued by Google, because for what else are they issuing own token, they have become a big platform.

[Mahanton]

We always wait for big global companies like Facebook, Google, or twitter to release new crypto soon, I'm sure they have a team of analysts who will determine the long-term policy of accepting crypto or not, but I'm optimistic that with the crypto community that continues to grow rapidly it will make them immediately make coins to facilitate transaction systems such as ad payments.

for Twitter, I'm not sure they will issue their own token...

since the founder of Twitter (jack) focused on developing the lighting network, I suspect he will never make a new token that will be the opposite of bitcoin but Facebook has long announced they will issue their token (which is still not circulating). offend google. It seems that there will never be tokens issued by Google, because for what else are they issuing own token, they have become a big platform.

We know that FB is really that focus on that MEtaverse
https://observer.com/2022/04/facebook-to-metaverse-creators-half-of-that-coin-is-ours/

We dont know about Diem or coin attached to it since its really still not be seen in terms of circulation or something.
We dont see for Twitter to be that interested on making their own but instead might have possibilities on integrating existing coins in the market.