Trump’s World Liberty Financial (CRYPTO: WLFI) rose 6% on Thursday after announcing World Swap, a forex and remittance platform targeting the $7 trillion global currency exchange market.
The World Swap Launch
Co-founder Zak Folkman told attendees at Consensus Hong Kong that World Swap will connect users directly to debit cards and bank accounts worldwide, settling foreign exchange remittances at “a fraction of” competitor fees.
“There’s over $7 trillion of money moving around the world from currency to currency, and all of this has been taxed very heavily by the incumbent players,” Folkman said.
The platform operates within the USD1 stablecoin ecosystem.
World Liberty Markets, the firm’s lending platform launched four weeks ago, has already recorded $320 million in lending and over $200 million borrowed.
More products are coming. World Liberty Financial partnered with Spacecoin last …