World Liberty Financial, a crypto venture backed by the family of U.S. President Donald Trump, said on Thursday it plans to roll out a new foreign exchange and remittance platform, offering simplified services with lower fees. The firm will launch the platform, World Swap, soon, Zak Folkman, co-founder of World Liberty told the audience of the Web 3 event Consensus in Hong Kong. "There's over $7 trillion of money moving around the world from currency to currency, and all of this has been taxed very heavily by the incumbent players," he said. The crypto firm said it wants to connect users directly to debit cards and ... (full story)