# Libra

**Source:** https://www.startuphub.ai/startups/libra
**Profile type:** Startup

> A decentralized payment network and stablecoin project launched by Meta (formerly Facebook), aiming to provide a more inclusive global payment system.

## About

The Diem Association, formerly the Libra project, aimed to leverage blockchain technology for a more inclusive payment system, offering benefits to consumers and businesses, especially those underserved by traditional finance. The project developed and tested a blockchain-based payment system with innovative controls to protect users and combat financial crime, including a prohibition on anonymous transactions. Despite positive feedback on its design from regulators, the project was unable to proceed and subsequently sold its assets to Silvergate.

## Key facts

- **Slug:** libra
- **Website:** https://diem.com
- **Location:** Geneva, Switzerland
- **Founded:** 2019-06-18
- **Employees:** 2
- **Operating status:** Active
- **Sectors / tags:** Fintech, Payments, Digital Payments, Blockchain, Cryptocurrency, Stablecoin, Financial Inclusion, Web3, CBDC Infrastructure
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/diemassociation
  - Twitter: https://twitter.com/diemassociation
  - GitHub: https://github.com/diemassociation
  - Facebook: https://www.facebook.com/diemassociation

## Frequently asked

### What does Libra do?

The Diem Association, formerly the Libra project, aimed to leverage blockchain technology for a more inclusive payment system, offering benefits to consumers and businesses, especially those underserved by traditional finance. The project developed and tested a blockchain-based payment system with innovative controls to protect users and combat financial crime, including a prohibition on anonymous transactions. Despite positive feedback on its design from regulators, the project was unable to pr…

### What is Libra's revenue?

StartupHub estimates Libra's annual revenue at $528K (range $400K to $708K, 64% confidence), based on comparable companies in the sector.

### Where is Libra headquartered?

Libra is headquartered in Geneva, Switzerland.

### When was Libra founded?

Libra was founded in 2019.

### What industry does Libra operate in?

Libra operates in Fintech, Payments, Digital Payments, Blockchain, Cryptocurrency, Stablecoin.

### How many employees does Libra have?

Libra has approximately 2 people on record.

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