Facebook executives have met with senior government officials to endorse Diem, the global payments system.

When investors learned of the incident on September 11, Facebook executives met with senior executives from Biden executives over the past few weeks to help allay concerns about the situation. David Marcus, director of Facebook Financial F2, met with executives in Washington in early September to explain the importance of cryptocurrency in expanding access to financial products, outlining the benefits of the Novi payments app, Diem. People familiar with the matter said that while Facebook changed and revamped the entire project, Facebook and its subsidiaries were still under investigation by some financiers who believed the project could result in financial security. Although Diem is independent, his association with Facebook puts him even more at risk as he has millions of users around the world. Government leaders fear that a fall in the price of DM will strengthen its strength and have a detrimental effect on the economy as a whole. (Washington Post)