Trump Family Crypto Project WLFI Plans to Launch Foreign Exchange Platform World Swap

Odaily News: Zak Folkman, co-founder of the Trump family-associated crypto project World Liberty Financial, announced plans to launch a foreign exchange platform called World Swap as part of its USD1 stablecoin ecosystem. Folkman stated that World Swap aims to simplify cross-border transfers, challenging the high fees of 2% to 10% per transaction charged by traditional remittance service providers, allowing users to send and receive digital dollars in a manner similar to mainstream payment apps. Folkman mentioned that more details will be announced later this month at an event held at Mar-a-Lago. (CoinDesk)