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Getting Diem off the ground has proven to be a struggle for Meta and Marcus. Since the project was unveiled in 2019 — with great fanfare and dozens of partners — the currency’s debut has been delayed and its original ambitions have been scaled back. Diem faced pushback from lawmakers and regulators when it was announced, and while Meta is still a partner on the effort, Diem is now run independently.
“While there’s still so much to do right on the heels of hitting an important milestone with Novi launching — and I remain as passionate as ever about the need for change in our payments and financial systems — my entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it,” according to a blog post he plans to publish Tuesday.
