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Diem payment service hunts for bank members as it seeks distance from backer Facebook

By Jack Schickler ( September 15, 2021, 16:54 GMT | Insight) -- Beleaguered payment service Diem is looking for traditional banks to join up, as it seeks to convince regulators that it has an open and competitive governance model and isn't under the control of Facebook, one of its main backers. Originally launched as a virtual currency called Libra, the project has become progressively more constrained after opposition from regulators across the world.Beleaguered payment service Diem is looking for traditional banks to join up, as it seeks to convince regulators that it has an open and competitive governance model and isn't under the control of Facebook, one of its main backers....

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