
New Delhi, 07 April 2022
As per news report of NDTV, Meta abandoned its effort to create a global cryptocurrency -- first called Libra but eventually re-branded as Diem -- in the face of fierce backlash by financial regulators around the world. However, founder and chief Mark Zuckerberg has spoken about the importance of e-commerce and financial tools to his vision for an immersive online world called the metaverse. "We continuously consider new product innovations for people, businesses, and creators," a Meta spokesperson said in response to an AFP inquiry. "As a company, we are focused on building for the metaverse and that includes what payments and financial services might look like." The spokesperson would not comment on specific innovations being pursued.
Source - NDTV
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