Expert on Facebook’s Latest Digital Currency Attempt

Facebook is going to have another go at its own digital currency later this year. Its Diem cryptocurrency will be pegged to the dollar, so its price will change as the dollar changes. However, the company has yet to release details on what Diem can be used for.

David Gerard, the author of “Libra Shrugged: How Facebook Tried to Take Over the Money,” talks about if Facebook’s latest attempt with digital currency, Diems, will succeed.