With this move, foreign exchange services become part of WLFI’s growing lineup of crypto-based financial products built around USD1.
Simple Cross-Border Transfers With Lower Fees
The launch of World Swap comes as demand for the USD1 stablecoin continues to rise. Folkman said the goal is to make international transfers simple by removing the technical steps often linked to crypto wallets.
Users should be able to send and receive digital dollars as easily as using a regular payment app.
World Swap is also being promoted as a cheaper option compared to traditional remittance and forex services, where fees can range from 2% to 10% per transaction.
By using blockchain and stablecoins, WLFI aims to lower costs and make transfers faster.
More Announcements Expected at Mar-a-Lago Event
More updates are expected at an upcoming company event scheduled later this month. While specific details have not yet been disclosed, the company has hinted at additional developments within its ecosystem.
As of now, WLFI is trading at around $0.107, reflecting a rise of 7.53% in the last 24 hours, with a market cap hitting $2.86 billon.
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