Trump-Linked Crypto Venture WLFI to Launch Debit Card and 'Venmo Meets Robinhood' App
World Liberty Financial, associated with the Trump family, aims to expand its ecosystem with a new debit card linked to its USD1 stablecoin and a combined payment/trading app.
WLFI Expands Offerings with Debit Card and Retail App
World Liberty Financial (WLFI), a cryptocurrency project with ties to the Trump family, is reportedly gearing up to launch a debit card and retail application. The announcement was made at the Korea Blockchain Week 2025 Impact conference by co-founder Zak Folkman.
Key Features
- Debit Card: The debit card will allow users to directly connect their World Liberty Financial USD (USD1) stablecoin and WLFI app to Apple Pay.
- Retail App: Folkman describes the app as a blend of "Venmo meets Robinhood," combining peer-to-peer payment functionality with trading features.
No Plans for Own Blockchain
Despite the expansion of its product offerings, WLFI maintains that it will not launch its own blockchain. The company aims to remain neutral across different chains, technologies, and distribution platforms.
WLFI Token's Performance
The WLFI token, despite an initial surge, has seen a significant decline. It is currently down 34% from its opening price and 55% from its all-time high, wiping out billions in investor wealth. Concerns are being voiced about the long-term viability of the token.
Supporting Pro-Trump Crypto Agenda
WLFI has expressed support for the Digital Freedom Fund PAC, led by the Winklevoss Twins, with the aim of advancing former President Donald Trump's cryptocurrency agenda. The company says it proud to back the PAC's goal of making the U.S. a global cryptocurrency hub.
Key Takeaways:
- WLFI is launching a debit card and a retail app to expand its services.
- The company remains committed to not launching its own blockchain.
- The WLFI token has experienced a significant price drop since its initial launch.
- WLFI is supporting a PAC that promotes a pro-Trump cryptocurrency agenda.
Investment Considerations
As always, investors should consider their risk tolerance and investment timeline before making allocation decisions. Bitcoin remains a volatile asset despite increasing institutional adoption.
This article is for informational purposes only and should not be considered investment advice. Always consult with a qualified financial advisor.
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