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World Liberty Financial, tied to the Trump family, launches World Swap, a low-fee global remittance platform aiming to reduce cross-border transaction costs.
World Liberty Financial, linked to the Trump family, plans to launch World Swap, a low-fee foreign exchange and remittance platform aimed at cutting cross-border transaction costs.
Announced at Consensus Web3 in Hong Kong, the platform seeks to connect users directly to global bank accounts and debit cards, targeting the high-cost remittance market.
It is part of a broader ecosystem including the USD1 stablecoin and the World Liberty Markets lending platform, which has facilitated $320 million in lending.
The venture raises ethics concerns due to Donald Trump’s influence on U.S. crypto policy, though the White House denies conflicts.
Success depends on regulatory approval, partnerships, and user adoption.
World Liberty Financial, vinculada a la familia Trump, lanza World Swap, una plataforma de remesas globales de bajo costo que tiene como objetivo reducir los costos de las transacciones transfronterizas.