Connect with us

Crypto World

Trump-linked WLFI’s Zak Folkman teases forex platform at Consensus Hong Kong

Published

on

Trump-linked WLFI's Zak Folkman teases forex platform at Consensus Hong Kong

, the Trump-family-linked crypto project, will soon launch a foreign exchange platform called World Swap, its co-founder, Zak Folkman, said on stage at Consensus Hong Kong.

The forex teaser adds to a growing list of products orbiting the project’s USD1 stablecoin as the project positions itself as a full-stack financial ecosystem, with further announcements expected at a Mar-a-Lago event later this month.

Speaking on stage, Folkman said the company’s goal is to abstract away much of the complexity associated with crypto wallets and cross-border transfers, allowing users to send and receive digital dollars in a manner similar to popular payment apps.

He framed the planned foreign exchange service as a direct challenge to traditional remittance providers that often charge fees ranging from 2% to 10% per transaction.

Advertisement

The company’s broader strategy centers on USD1, a dollar-pegged stablecoin that Folkman said is backed by cash and cash equivalents.

Folkman also highlighted the launch of World Liberty Markets, a lending platform that has attracted hundreds of millions of dollars in deposits within weeks of going live, and partnerships with decentralized finance protocols to increase the token’s utility.

In late January, Crypto Twitter users had spotted AMG Software Solutions LLC, a Puerto Rico-based company that owns WLFI’s intellectual property, had registered trademarks related to World Swap.

Source link

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Gen Z Open to Crypto for Valentine’s Day Dates: Survey

Published

on

Gen Z Open to Crypto for Valentine’s Day Dates: Survey

Gen Z Americans may be open to paying for dates with cryptocurrency, but most still aren’t putting digital coins where their hearts are, according to a January Pollfish survey commissioned by crypto exchange OKX. 

The poll of 1,000 US adults found that 13% of Gen Z respondents said they have paid for a date using crypto, while many who haven’t said the main issue is practical: they don’t have a direct way to pay with crypto. 

Interest extended beyond payments. 31% of Gen Z respondents said receiving crypto as a Valentine’s Day gift would be appealing, and 76% said financial literacy is an attractive trait in a partner, a reminder that for some daters, “knowing your numbers” can be more charming than knowing your zodiac sign.

Still, ownership appears to be a limiting factor. OKX told Cointelegraph that 29.5% of respondents said they currently own or previously owned crypto assets, suggesting that curiosity about crypto doesn’t automatically translate into daily use.

Advertisement

Gen Z flirts with crypto, but ease of use a problem

The gap between “open to it” and “actually did it” points to a familiar hurdle for crypto: in many everyday settings, it’s still easier to tap a card than to pay directly with a wallet.

Results of OKX’s Valentine’s Survey. Source: OKX

The survey also found that two-thirds of respondents said financial literacy plays well in the dating marketplace, with Gen Z (76%) and Millennials (75%) showing the strongest support.

Familiarity with digital finance tools also carried weight. Between 52% and 55% of respondents said knowledge of digital assets, such as cryptocurrencies and digital wallets, can make someone more attractive as a potential partner. 

But only 17% of respondents overall said holding digital assets makes someone more attractive, including 30% of millennials and 28% of Gen Z. The findings indicate that for younger cohorts, digital asset awareness is increasingly viewed as part of broader financial competence. 

Related: Valentine’s nightmare? Romance scams remain a $1B honeypot for criminals

Advertisement

Romance scams kill the mood

Crypto has also shown up in dating headlines for less romantic reasons. In 2024, the US Federal Trade Commission issued a consumer alert over rising crypto-related romance scams. Canadian authorities issued similar warnings, as crypto scammers flooded dating apps.

The rise of artificial intelligence also heightened the risks of romance scams in crypto. In 2025, scammers have increasingly used chatbots and deepfakes to manipulate victims emotionally and financially. 

Perception has also been mixed. While the OKX survey showed that some are attracted to crypto, a survey by the Date Psychology blog in 2024 found that women ranked crypto among the least attractive male hobbies.