World Liberty Financial (WLFI), a decentralised finance project linked to U.S. President Donald Trump\'s family, will launch a foreign-exchange remittance and payments platform called World Swap, The Block reported on Feb. 12 local time. WLFI is positioning World Swap as a low-cost remittance solution to replace high fees in traditional finance. Co-founder Zak Folkman said financial institutions charge excessive fees in an annual $7 trillion FX market. WLFI also recently launched World Liberty Market, a lending platform using the USD1 stablecoin, and plans to secure a new revenue source by entering the FX remittance market.