Facebook Cryptocurrency Diem Coin Currently not available on any Platform as of Now. but in the official Diem website it is conveyed that it will launch very soon & available on various exchanges. Diem previously known as Libra is the cryptocurrency design by Facebook’s diem association. Facebook has been trying to launch this new crypto for two years. For launching this currency they establish the Libra association for the first time. But regulators all around the world make strong opposition to this crypto called “Libra”. Because no one can able to predict what Facebook can do with this currency. Due to this negativity lot of big-budget companies like pay pal, Mastercard, visa decided to break coalitions with libra. Also, a lot of governments from all over the world want to launch their digital currency. So, before launching this crypto known as libra Facebook knows that they have to fight with strong competitors from all over the world. Due to all these initial problems, Facebook decided to change the currency name. So while updating their white paper they change the currency name to “Diem.”
Step by Step Process to Buy Facebook Diem Cryptocurrency
- Go to any Cryptocurrency Exchange Binance, Coinbase, CoinDCS.
- Register & Create Account .
- Verify Your KYC & Other Detail.
- Add necessary Funds.
- Buy Diem Coin with your Deposit.
Does Diem Coin will give More profit?
Not yet. Remember when you are able to buy it the coin will not go up in value. That is because it is a stable coin, meaning that it is pegged to the dollar. It won’t fluctuate more than a penny in one direction or another.
Can you invest in Diem?
How to Invest in Diem Cryptocurrency?. Although there is no any announcement but, it is Known that Facebook will use it’s new Diem currency to enhance payments within the Facebook Marketplace. If it is not available to the Facebook platform, investors will be able to invest in Diem by buying and trading it on digital exchanges.
What is the value of a Diem coin?
1 Diem dollar is equal to 1 US Dollar, and when the value of USD fluctuates, so will that of Diem.
Why Diem is Created?
Cryptographic money is a type of computerized resource dependent on group that is conveyed across countless PCs. This decentralized construction permits them to exist outside the control of governments and focal specialists.
About Diem organization
Diem association is specially organized for launching the Diem cryptocurrency. The main objective of this association is to launch Diem as a unique stable coin currency for the U.S dollar market. This association includes 26 big revenue companies all over the world with some non-profit organizations. All the transactions are initiated by the group known as “Novi”. Which will confirm and provide security to the transactions. Thus, Novi is the digital wallet for the diem which also generates Diem coins on particular transactions. The association also confirms that it will provide a private blockchain for generating the Diem unbiasedly to keep the trust of investors and customers. Moreover, diem will be the only crypto that is U.S dollar-backed. The silvergate banks of California will take charge to manage and keep track of its market value and transactions. Since diem has faced many issues right from the beginning Facebook is launching it with drastic changes in its basic bock chain. The diem association is making all the possible efforts so that they can win the hearts of the investors. All diem need to rebuild their image before launching. Thus, it also going to be changing for the diem association to make the most updated blockchain for their crypto market. But diem association is looking confident about their efforts and promise to serve to unbank people more effectively and unbiasedly.