$WLFI$0.1062a crypto project linked to the Trump family, will soon launch a foreign exchange platform called WorldSwap, co-founder Zach Folkman said on stage at Consensus Hong Kong.
Forex teaser adds to the list of products to get the project off the ground $USD1 The project is positioning itself as a full-stack financial ecosystem, with further announcements expected at the Mar-a-Lago event later this month.
Speaking on stage, Folkman said the company's goal is to abstract away much of the complexity associated with cryptocurrency wallets and cross-border transfers, allowing users to send and receive digital dollars in a manner similar to popular payment apps.
He framed the planned foreign exchange service as a direct challenge to traditional money transfer providers, which often charge fees ranging from 2% to 10% per transaction.
The company's broad strategy focuses on: $USD1Folkman said it is a stablecoin pegged to the dollar and backed by cash and cash equivalents.
Folkman also highlighted the launch of World Liberty Markets, a lending platform that has attracted hundreds of millions of dollars in deposits within weeks of operation, and partnerships with decentralized finance protocols to increase the utility of the token.
In late January, Crypto Twitter users discovered AMG Software Solutions LLC, a company based in Puerto Rico. $WLFIIntellectual property had registered trademarks related to World Swap.
