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The Diem Association supports financial inclusion and develops a blockchain-based payment network.
Founded in 2019, The Diem Association is a Geneva-based, not-for-profit membership organization focused on financial inclusion. It developed a mobile payment network using blockchain, with services including online wallets and smart contracts. Paradigm invested an undisclosed amount in March 2020; Silvergate Capital Corp. acquired the association and its network assets for USD 182 million in March 2022.
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