The Donald Trump family-backed decentralized finance platform World Liberty Financial (WLFI) has revealed intentions to introduce World Swap, a foreign exchange and remittance service. With cheaper rates and an easier-to-use interface, the new platform hopes to compete with established money transfer companies.
The opportunity is significant. Global foreign exchange markets handle trillions of dollars in daily trading, while annual remittance flows worldwide approach $900 billion. WLFI appears to be positioning itself to tap into this vast cross-border payments sector using blockchain-based infrastructure.
However, the company has also faced political scrutiny. According to reports earlier this year, just before Trump took office, a UAE-affiliated financial entity purchased a 49% share in WLFI. Concerns over openness and possible threats to national security have been voiced by Democratic lawmakers. Trump has said his sons manage the business and denied personal involvement.
No timeline has been shared for the platform’s launch, but the move signals WLFI’s ambition to expand beyond DeFi lending into mainstream financial services.
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