Which other virtual currencies does Facebook have ownership of?

3 answers

• mona gargJan 09, 2021 · 5 years ago
  Yes, Facebook owns a few virtual currencies apart from its own cryptocurrency Libra. Some of the virtual currencies that Facebook has ownership of include Diem (formerly known as Libra), Novi (a digital wallet for Diem), and Calibra (a subsidiary of Facebook that focuses on financial services). These virtual currencies are designed to facilitate peer-to-peer transactions and provide financial services to users on the Facebook platform. They aim to offer a secure and efficient way to transfer funds and make payments online. Facebook's ownership of these virtual currencies reflects its interest in exploring the potential of blockchain technology and its applications in the financial industry.
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• Cedric DrappAug 16, 2024 · a year ago
  Sure, Facebook has ownership of several virtual currencies. One of them is Diem, which was previously known as Libra. Diem is a stablecoin that aims to provide a global digital currency for people around the world. Facebook also owns Novi, a digital wallet that allows users to store and manage their Diem coins. Additionally, Facebook has Calibra, a subsidiary that focuses on financial services and aims to provide a range of financial products and services using Diem. These virtual currencies are part of Facebook's broader vision to create a more inclusive and accessible financial system.
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• MOSULIOct 07, 2023 · 2 years ago
  As an expert in the field, I can confirm that Facebook owns a few virtual currencies. One of them is Diem, which was initially called Libra. Diem is a stablecoin that aims to offer a global digital currency for seamless transactions. Facebook also has ownership of Novi, a digital wallet designed specifically for Diem. Additionally, Facebook has a subsidiary called Calibra, which focuses on providing financial services using Diem. These virtual currencies are part of Facebook's strategy to explore the potential of blockchain technology and revolutionize the financial industry. It's an exciting development that could have a significant impact on the way we transact and manage our finances online.
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