The post Forget Memecoins — Donald Trump Jr. Plans To Launch New DeFi Platform To Challenge Banks ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

Advertisement &nbsp &nbsp Donald Trump Jr. has the crypto world buzzing. After teasing a “huge” crypto announcement two days ago, the eldest child of the former U.S. president has now revealed plans for a decentralized finance (DeFi) crypto platform that aims to tackle the banking access inequality. While Donald Trump Jr. did not reveal many details about the platform, he made one thing clear: this isn’t another Trump-themed memecoin. Donald Trump Jr.’s DeFi Project During a Q&A session on subscription-based platform Locals on Thursday, Donald Trump Jr said he is working on a crypto platform to challenge traditional banking systems.  “What we’re talking about is a larger type of platform,” that’s very different and not a memecoin,” he postulated.  Don Jr. added that the platform is still in its infant stages and will take some time before it actualizes, though he didn’t share a time frame. While most details were not divulged, he stressed that the forthcoming crypto platform would target the traditional banking system: Advertisement &nbsp “What we want to do is take on a lot of the banking world. I think there has been a lot of inequality in that only certain people can get financing […] so this notion of decentralized finance is obviously very appealing to guys like me who have been debanked.” No New Memecoins Hopes for a new Donald Trump crypto offering were kindled earlier this week after Donald Trump. Jr teased a project that would “shake up the crypto world with something HUGE.” His younger brother, Eric Trump, tweeted on the same day that he had “fallen in love with Crypto/DeFi.” During the Q&A, the Trump brothers also addressed rumors regarding the newly launched Solana-based memecoin Restore the Republic (RTR), which swelled to a $155 million market cap before collapsing 95% amid false…

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Filed under: News - @ August 10, 2024 3:16 am