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Donald Trump Jr. has announced plans to launch a new decentralized finance (DeFi) cryptocurrency platform to address inequality in banking access. However, the platform is still in the early stages and will take some time to become a reality.
During a Q&A session on subscription-based platform Locals on Aug. 8, Donald Trump Jr, the eldest son of presidential candidate and former President Donald Trump, said he wasn’t launching a memecoin but working on a crypto platform to take on the banks.
“What we’re talking about is a larger type of platform,” that’s very different and not a memecoin, he said.
However, he added that it would be a “long time before we can do anything,” not giving anything away on a time frame.
Trump Jr. didn’t provide much more detail on the platform but emphasized that it would target the banking system:
“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.” . .
Archive (archive.today)
>Donald Trump Jr. has announced plans to launch a new decentralized finance (DeFi) cryptocurrency platform to address inequality in banking access. However, the platform is still in the early stages and will take some time to become a reality.
>During a Q&A session on subscription-based platform Locals on Aug. 8, Donald Trump Jr, the eldest son of presidential candidate and former President Donald Trump, said he wasn’t launching a memecoin but working on a crypto platform to take on the banks.
>>“What we’re talking about is a larger type of platform,” that’s very different and not a memecoin, he said.
>However, he added that it would be a “long time before we can do anything,” not giving anything away on a time frame.
>Trump Jr. didn’t provide much more detail on the platform but emphasized that it would target the banking system:
>>“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.”
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[Archive](https://archive.today/YluDN)
(post is archived)