Facebook’s cryptocurrency project once known as Libra and now as Diem just cannot catch a break.
A British fintech company called Diem is looking to take legal action against Facebook’s project for obvious reasons.
The British diem is a startup that deals in offering instant selling of consumer goods and issues its very own Diem debit card and planned to have a soft launch this October.
For the moment, the UK Diem has only issued a cease and desist letter, but its CEO and founder had this to say:
“As a small startup, we are concerned that customer confusion resulting from Libra’s actions will significantly impact our growth.”
The drama around Libra, pardon, Diem, is starting to get quite comical.
A British fintech company called Diem is looking to take legal action against Facebook’s project for obvious reasons.
The British diem is a startup that deals in offering instant selling of consumer goods and issues its very own Diem debit card and planned to have a soft launch this October.
For the moment, the UK Diem has only issued a cease and desist letter, but its CEO and founder had this to say:
“As a small startup, we are concerned that customer confusion resulting from Libra’s actions will significantly impact our growth.”
The drama around Libra, pardon, Diem, is starting to get quite comical.