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Do you still remember when Facebook tried to launch its own cryptocurrency to compete with Pi Network?
Back in June 2019, Facebook introduced LIBRA, later renamed DIEM, as a global digital currency. The goal was to create a simple and stable crypto for fast transactions, similar to what Pi Network aims to do.
However, government regulators pushed back, fearing it could disrupt traditional financial systems. Major companies like Visa, Mastercard, and PayPal pulled their support, leaving the project struggling. By January 2022, Diem was officially shut down, with its assets sold to Silvergate Bank.
Meanwhile, Pi Network has continued to grow, gaining a strong community and real-world utility. While Facebook’s crypto dreams faded, Pi Network is thriving, building toward its mainnet and expanding its ecosystem.
#pibren #BlumPoints #pigcv #TON
Back in June 2019, Facebook introduced LIBRA, later renamed DIEM, as a global digital currency. The goal was to create a simple and stable crypto for fast transactions, similar to what Pi Network aims to do.
However, government regulators pushed back, fearing it could disrupt traditional financial systems. Major companies like Visa, Mastercard, and PayPal pulled their support, leaving the project struggling. By January 2022, Diem was officially shut down, with its assets sold to Silvergate Bank.
Meanwhile, Pi Network has continued to grow, gaining a strong community and real-world utility. While Facebook’s crypto dreams faded, Pi Network is thriving, building toward its mainnet and expanding its ecosystem.
#pibren #BlumPoints #pigcv #TON
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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