In 2019, Meta announced a blockchain initiative that evolved into Libra, a proposed consortium of companies including Uber and PayPal that would launch a stablecoin backed by a basket of fiat currencies. After renaming the project Diem, Meta abandoned it in early 2022 under scrutiny from regulators. Meta sold Diem’s assets to the crypto-friendly bank Silvergate.
Now, Meta is testing the crypto waters again. According to five sources familiar with the matter, the company is in discussions with crypto firms to introduce stablecoins as a means to manage payouts, and has also hired a vice president of product with crypto experience to help shepherd the discussions. All five sources, whose identities are known to Fortune, spoke on the condition of anonymity to talk about private business dealings.
Meta’s interest in the technology reflects the growing interest in stablecoins among non-crypto companies, especially as congressional lawmakers debate two bills that would regulate stablecoins after years of regulatory uncertainty.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
