The post Trump family unveils new DeFi platform that aims to disrupt ‘big banks’ appeared on BitcoinEthereumNews.com.

Former President Donald Trump announced the upcoming launch of the Trump Organization’s new crypto platform — dubbed “The DeFiant Ones” — on Aug. 22. Trump made the announcement via a post on Truth Social and hinted that the DeFi platform aims to provide Americans with an alternative to the traditional financial system. He stated: “For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand — together.” This marks the first time the Republican presidential nominee has used his personal platform to promote the not-yet-activated “digital bank.” Following Trump’s post, his son, Donald Trump Jr., shared it with his 12 million followers on X, formerly known as Twitter. The DeFiant 0nes The post included a link to a Telegram channel named “The DeFiant 0nes,” which had approximately 30,000 followers as of press time. The channel is described as the official group for the Trump DeFi project, which aims to create what it calls “the future of finance.” Eric Trump, one of Trump’s sons, recently told reporters that the project involves “digital real estate.” In an interview with the New York Post earlier this month, he explained: “It’s equitable. It’s collateral anyone can get access to and do so instantly. I don’t know if people realize what a shake-up that is for the world of banking and finance. I hope we can help change that.” The Trump brothers have promoted the platform by discussing the potential of DeFi and encouraging followers to stay tuned for further announcements. The reference to “digital real estate” has led to speculation that the platform might involve tokenizing real-world assets or selling digitized versions of assets within the metaverse. Trump’s pro-crypto shift The announcement comes as Trump’s presidential campaign moves into its final stages. The…

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Filed under: News - @ August 22, 2024 7:21 pm