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Meta-backed Diem Cryptocurrency Initiative Is Reportedly Winding Down

The Diem Association, a consortium launched by Meta Platforms Inc. to develop a blockchain-based payment system, is reportedly winding down its operations. The Wall Street Journal reported late Wednesday that the Diem Association plans to sell its assets to Silvergate Capital Corp. for about $200 million. Silvergate Capital is a La Jolla, California-based bank best […]

The post Meta-backed Diem cryptocurrency initiative is reportedly winding down appeared first on SiliconANGLE.

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