Diem – A rebrand of Facebook’s Libra

Re:Diem – A rebrand of Facebook’s Libra by baumandm on Sunday December 06, 2020 @01:11PM (#25325298)

Facebook Messenger can already transfer money between people. They could just expand that into a fully featured digital wallet to compete with WeChat, Apple Pay, Google Pay, Samsung Pay, Cash App, PayPal, etc. It's actually astonishing they didn't do this a decade ago.

I get the VC appeal of blockchain, but Facebook already has the money to fund it. Outside tech circles I don't think slapping a blockchain label on a product will make it more appealing.

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Re:Diem – A rebrand of Facebook’s Libra by eitland on Sunday December 06, 2020 @01:52PM (#25325617)

> Outside tech circles I don't think slapping a blockchain label on a product will make it more appealing.

I kind of hope the word "blockchain" should soon make it less appealing especially in tech circles.

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Re:Diem – A rebrand of Facebook’s Libra by weare138 on Tuesday December 08, 2020 @12:11AM (#25342117)

I agree. I don't quite understand what overall benefit something like Diem brings. It seems like an extraneous amount of technical overhead and yak shaving just to do something other companies have been doing for years. It just strikes me as some convoluted marketing ploy to attract VCs. All Facebook needs to do now is figure out how to throw AI into the mix and they'll win tech buzzword bingo.

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