Facebook learned pretty quickly it wouldn’t be able to “move fast and break things” in the world of payments. Finance requires trust, and the company had none when it announced its stablecoin project, then called Libra, now called Diem, in 2019. The social media company was widely seen as having enabled the spread of disinformation, and the Cambridge Analytica scandal showed it losing control of user data, a factor highly relevant to discussions of Libra. As the Diem-attached Novi digital wallet readies for market – two years later, a lifetime in crypto – it remains to be seen whether regulators and the public will ... (full story)