Part 17/26:
The motivation behind their work is rooted in the fundamental human relationship with money—how it measures success, provides identity, and serves as a vital resource for survival. Recognizing profound injustices in money movement and access, they developed a passionate resolve to build an open, interoperable, and fair financial infrastructure for the internet.
The Libra Experiment and Learning Insights
The development of Libra (later renamed Diem and its wallet Novi) was an arduous multi-year journey, driven by the desire to create a neutral, decentralized digital asset that could reach billions. Despite enormous effort and reaching nearly four years in development, the project faced insurmountable regulatory and geopolitical pushback.