What is the Diem coin? The Diem coin is a Vietnamese currency that was first introduced in 1978. It is pegged to the US dollar and has a value of 100,000 VND to the dollar. The Diem coin is also used as a medium of exchange in Vietnam.

The Diem Coin is a proposed stable coin that would be used on Meta Platforms’ social media platform, Libra. The coin was announced in June of 2019 and was scheduled to be launched in 2020, but was later abandoned in early 2022 after some rudimentary experimental codes were released. Some regulators in the European Union, the USA, and other countries opposed the coin because of its monetary sovereignty, privacy, stability of the coin, and others. ..

Can I Still Buy The Diem Coin?

Due to the issues surrounding the launch of Diem Coin, some people are having trouble buying it. The coins can only be bought with another cryptocurrency like Ethereum (ETH) on decentralized exchanges. To buy this ETH or any other cryptocurrency of your choice, you need to get a self-custody wallet.

  1. Go to a store and buy a self-custody wallet.

  2. Put the wallet in your pocket or bag.

  3. Take the necessary precautions to protect your wallet, such as putting it in a safe place or keeping it locked up when not in use.

  4. Head to your mobile app or browser extension to download the self-custody wallet of your choice.

  5. Fill in your username: This username will allow other users of that wallet you chose to send cryptocurrencies to you. You can choose to keep your username private, but it would be required to grant you access to your account.

  6. Store Your Recovery Phrase: This is like a passcode of 12 or more random words that grant you or anyone with the phrase accesses to your wallet. It is best to copy out this phrase where it would not be seen by anyone for security reasons.

  7. Set Money Aside For ETH Fees: Well, fees will pop up once in a while depending on how complicated the transaction is, how busy the network is, and more. So always keep money aside for these.

  8. Buy ETH And Transfer It To Your Wallet: This cryptocurrency (or any other of your choice) will be used to purchase the Diem Coin from your wallet.

  9. Use Your ETH To Buy Diem Coin: After transferring the cryptocurrency you purchased to your wallet, you can go ahead to use it to purchase a Diem coin (if you’re using the mobile app) or convert it to the Diem Coin (if you’re using the wallet’s extension). ..

The Diem Coin is a cryptocurrency that was created in Vietnam. It is relatively low in price right now, but may rise in value later on. Before buying though, be sure to understand the coin well enough to make the right decisions.

How Much Is A Diem Coin Worth?

As of the time this article was written, a Diem coin is worth $0.105139 per DLB. This is just an estimate as it may vary from location to location and from time to time. ..

Conclusion

Cryptocurrencies are here to stay and are becoming more popular with each passing day. It is important that we all understand this new economy and invest in coins like Diem. This article will provide you with a brief overview of this coin, so you can decide if it’s worth investing in. ..

The Diem Coin was first developed by a group of individuals who believed in the potential of the cryptocurrency. They believed that it could help to improve the lives of people in Vietnam and make their economy more efficient.

In 2017, after the Diem Coin idea was conceived and planned, Morgan Beller began working on the Diem Coin as the only person on board. Later on, in 2018, Meta Vice President David A. Marcus joined the team after moving from Facebook messenger to the new blockchain.

In June 2019, the official creators of the coin were Morgan Beller, David Marcus, and Kevin Well. The first release was scheduled for 2020. ..

Yes, you can mine your Diem Coin. ..

The coin will not rely on cryptocurrency mining, but it will be open to those in the Diem Association for transactions.

The Diem Coin team has been working hard to release the coin fully, but there are still some kinks to be worked out. They hope to have everything finalized soon! ..

The US regulators have not yet given their approval to the Libra coin, which has caused some of the investors to withdraw their support. ..

Mark Zuckerberg has announced that he is still working on the coin and there is still hope it will be launched.