Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies

by Neel Mehta

In June 2019, former PayPal head David Marcus, then the head of Facebook’s cryptocurrency division, unveiled Facebook Libra (later renamed Diem[819]), a new stablecoin that it would run with 27 partners, including Visa, eBay, Uber, and, yes, PayPal.