Trump’s Crypto Project Fuels New Digital Currency Buzz

Trump’s Crypto Project Fuels New Digital Currency Buzz

Ex-U.S. President Donald Trump and his sons, Eric and Don Jr., have stirred the cryptoverse’s interest. Their new mysterious venture amidst rumors of a company cryptocurrency that they may soon be launching. The project relabeled to “World Liberty Financial” (WLFI) after their stealth-mode. Telegram group also renamed from “The DeFiant Ones.

This project seems to take on the traditional banking system, done with a DeFi focus. In their amendment, Trump and his sons complained about Wall Street and promised to revolutionize finance for Americans. They hope to give a platform that nullifies the use of any financial intermediaries. This puts even greater power into the people’s hands. In the most recent messages, they refer to the current banking system as rigged against the little people. They also claimed to be enduring the same kinds of struggles, such as being “de-banked.”

Information on the project is scanty as of now, with no details on the launch date or what features the platform will have. From general views, it could work like other crypto exchanges, such as Coinbase or Binance, and might double as a bank account replacement.

The Trump family warns followers of scams that might be associated with their project. They urge followers to get updates from official sources.

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Deepshova

Deepshove is a crypto journalist at Bitmala, covering blockchain and cryptocurrency news with a focus on web3 trends and developments.

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