World Liberty Financial, the cryptocurrency company affiliated with the Trump family, launches a cross-border currency transfer platform

World Liberty Financial(, a company specializing in cryptocurrencies and linked to former U.S. President Donald Trump’s family, announced plans to launch a new platform for foreign exchange and remittances, aiming to reduce cross-border transfer costs.

The platform will be called World Swap), which will connect users directly to debit cards and bank accounts worldwide, with foreign exchange transactions settled at fees described by the company as a small fraction of the fees charged by traditional service providers.

The initiative was announced by Zach Volkman, co-founder of World Liberty Financial, during his participation in the Consensus( conference in Hong Kong, according to Reuters.

Volkman stated that more than $7 trillion are traded globally between different currencies annually, noting that traditional financial intermediaries take high fees from these flows, making World Swap — as he described it — a low-cost alternative to current service providers.

World Liberty Financial is a cryptocurrency project linked to the Trump family, focusing on stablecoins and decentralized finance infrastructure) (DeFi().

The company also recently launched the World Liberty Markets) platform, a lending platform aimed at promoting the use of its stablecoin pegged to the US dollar.

Volkman explained that the lending platform recorded activity worth $320 million in loans and over $200 million in borrowing within just four weeks of its launch.

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