Donald Trump Jr confirms that he is NOT launching a memecoin but a crypto platform that won’t be ready for a while.
Donald Trump Jr. has revealed he’s launching a new decentralized finance crypto platform in an attempt to address inequality in banking access — though it is going to be a long way off yet.
During a Q&A session on subscription-based platform Locals on Aug. 8, the eldest child of presidential candidate Donald Trump, Donald Trump Jr., said that 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.”
Continue Reading by Martin Young:
Donald Trump Jr. is launching a crypto platform to ‘take on’ the banks (cointelegraph.com)
