Digital payments is a space with a lot of opportunities. As more and more people are getting access to the Internet through cheaper smartphones, much of the economic activity is happening online. Companies like Paypal, Visa, and MasterCard are already catering to a lot of this activity. In addition, many projects in the crypto space are also trying to build products for this sector.

Unlike other projects, however, Facebook already has a large user base. Well, large may be an understatement. During the third quarter of 2020, Facebook had roughly 2.7 billion monthly active users. This could potentially make their proposed payment system an overnight success.

To learn more about Facebook's Diem watch till the end.

0:00 - Welcome
0:21 - Introduction
1:06 - What is Facebook Diem(Libra)?
2:08 - Is Diem a cryptocurrency?
2:29 - How will Facebook's Diem work?
3:39 - Is Diem Centralized or Decentralized?
4:17 - Will Diem replace Bitcoin?
4:48 - What is the future of Diem?
5:06 - Thank you
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Who is Gajesh Naik?
Gajesh S. Naik is a student of class 7 People’s High School, Panaji-Goa. He was introduced to programming at the age of 7. Since then he has flair over more than 10 programming languages. He has developed chatbots for a firm and also manages websites coupled with digital marketing.
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