Trump Launches ‘The DeFiant Ones’ Cryptocurrency Platform for Financial Inclusion (bitnewsbot.com)

submitted 2 months ago by PG3001@lemmy.world to c/crypto@lemmy.ml

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Former President Donald Trump announced the launch of a new cryptocurrency platform, ‘The DeFiant Ones.’
The project aims to serve unbanked and underserved communities.
The announcement was made via a post on Truth Social, linking to an official Telegram channel.
Trademark applications by AMG Software Solutions hint at a focus on decentralized finance.
Trump’s sons believe the project may offer significant benefits to underserved communities.

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[-] glimse@lemmy.world 7 points 2 months ago

The project aims to serve unbanked

He means debanked. People who banks have learned not to deal with because they're fraudsters. This project, created by a fraudster, will serve fraudsters. Buy buy buy!!! To the moon!

[-] SpeakinTelnet@sh.itjust.works 5 points 2 months ago

A cryptocurrency platform "created" by a politician? Just use cash at this point.

[-] TimLovesTech@badatbeing.social 3 points 2 months ago

A politician with a long history of financial fraud to boot.

[-] TimLovesTech@badatbeing.social 4 points 2 months ago

Wonder how long before the first story about this being a giant money laundering scam come out? Also I wonder who these debanked and underserved communities are made up of? Millionaires and Billionaires looking to hide assets, or launder money? You know that "underserved communities" isn't people that actually need a break.

[-] abraham_linksys@sh.itjust.works 3 points 2 months ago

Sounds like all the usual catchphrases for crypto. What will this platform do that existing ones don't already do? Details are nonexistent as with all Trump plans, so my guess is "absolutely nothing". Just another grift to pay his legal bills.