Trump-linked WLFI's Zak Folkman teases forex platform at Consensus Hong Kong
WLFI co-founder Zak Folkman announced plans for a new forex platform, World Swap, at Consensus Hong Kong.Summary
Zak Folkman, co-founder of the Trump-family-linked crypto project WLFI, announced the upcoming launch of a foreign exchange platform named World Swap during Consensus Hong Kong. Folkman stated the goal is to simplify crypto wallets and cross-border transfers, enabling users to send digital dollars easily, directly challenging traditional remittance services with high fees. This forex offering expands WLFI's ecosystem, which centers around its USD1 stablecoin, backed by cash and cash equivalents. WLFI is also launching World Liberty Markets, a lending platform that has secured hundreds of millions in deposits, and is partnering with DeFi protocols. Further details about the project are expected at an upcoming event at Mar-a-Lago later this month.
(Source：CoinDesk)