World Liberty Financial, the decentralized finance (DeFi) initiative championed by Donald Trump and his sons, is reportedly planning to expand its operations into the foreign exchange and remittance markets. According to recent reports, the project aims to leverage its blockchain-based infrastructure to facilitate cross-border payments, directly challenging traditional banking systems and established financial intermediaries. This strategic move follows the project’s high-profile token sale launch and signals an ambition to move beyond simple lending and borrowing services. By entering the multi-billion dollar remittance industry, World Liberty Financial seeks to capitalize on the speed and lower costs associated with stablecoin-based transfers, though the project continues to face regulatory scrutiny and questions regarding its long-term viability in a competitive market.
Source: Trump-backed World Liberty Financial to roll out foreign exchange remittance service: report
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