FinTech news in Diem category

In recent months, the company has also been testing support for digital collectables (aka NFTs) — so having its own digital wallet infrastructure could support a wider push into non-fungible token trading if Meta decides there’s enough money to be made (but, again, NFT trading volumes are steeply down vs last year as digital collectables catch crypto’s chill).

If the sale of the Diem Association’s assets goes through, Meta and its partners in the association will get some money back, while Silvergate Capital will become the only company in charge of the Diem project.