UK-Based Diem Takes Legal Action Against Newly-Rebranded Facebook Crypto Project

Discussion in 'Crypto Assets' started by mlawson71, Dec 9, 2020.

  1. mlawson71

    mlawson71

    Facebook’s cryptocurrency project once known as Libra and now as Diem just cannot catch a break.

    A British fintech company called Diem is looking to take legal action against Facebook’s project for obvious reasons.

    The British diem is a startup that deals in offering instant selling of consumer goods and issues its very own Diem debit card and planned to have a soft launch this October.

    For the moment, the UK Diem has only issued a cease and desist letter, but its CEO and founder had this to say:

    “As a small startup, we are concerned that customer confusion resulting from Libra’s actions will significantly impact our growth.”

    The drama around Libra, pardon, Diem, is starting to get quite comical. :D
     
    johnarb likes this.