Facebook-backed Libra Association changes its name

Having changed pretty much everything in the organization, the Libra Association is now changing its name. Goodbye Libra Association, hello Diem Association.

"The Diem Association will continue to pursue a mission of building a safe, secure and compliant payment system that empowers people and businesses around the world," the organization said in a press release Tuesday. 

The name change comes after a thorough reshuffling of Libra's original team and, to an extent, its vision. This included adding new key executives (Stuart Levey, the current CEO joined the company in May 2020), and adding new partners (Paradigm, Slow Ventures, Blockchain Capital) after shedding some old ones (PayPal, MasterCard).  Read more...