Do u 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 transactionssimilar to what Pi network aims to do!..
However,government regulators pushed back fearing it could distrust 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 a real world utility.While Facebook's crypto dreams faded,Pi network is thriving ,building towards its minnet and expanding its ecosystem.
