- Donald Trump launched The DeFiant Ones a mysterious crypto project, some believe it is his DeFi Project to boost financial inclusion.
- Ripple’s higher officials have discussed the possibility of XRP being one of the networks that could underpin Trump’s DeFi project.
Donald Trump just dropped yet another crypto-bombshell. He teased that a DeFi project could become one of his most landmark ventures. financial The XRP network has been a candidate for inclusion in many projects and is considered by the XRP Community to be a likely choice.
Trump, Republican Party candidate for the 2016 elections and the social media platform Truth Social that his company offers as an alternative to X, Facebook, and Twitter, teased this project. He pointed out that Americans had been using social media for many decades. “have been squeezed by the big banks and financial elites.”
The President called upon his supporters to “take a stand together.”
Trump’s post was surprisingly short of details about his plans. most of his promises This year, the crypto-world is booming. However, it did contain a link that led to an Telegram group Now, there are over 44,000 members.
The group identifies itself as “the only official Telegram channel for the Trump DeFi project!” In an article published on Friday, the team delved into Trump’s critique of the traditional financial system, which, he claims, has been rigged against Americans.
“They shut people out, deny them loans, drown them in paperwork and kill them with legal and processing fees. These banks and the elites who run them want absolute control, but that ends now,” The team has added.
However, despite demonising TradFi, it’s worth noting that Trump owns stock in JPMorgan Chase & Co, the largest bank in the US. Former president claimed even in an interview Bloomberg claimed that Dimon was a candidate for Treasury Secretary. He later retracted this statement.
DeFiant Ones Add-ons
Restoring the power to YOU will make finance once again great. DeFi’s new platform is designed to eliminate the middlemen who are corrupt, inefficient and costly. No more bureaucrats deciding your fate. We need to update an outdated and unfair system, and offer everyone the same chances that the wealthy elites enjoy. Come and join us to make finance a better place. work For the People Again
Can XRP play a part in Trump’s DeFi pledge? Well, XRP Ledger continues to grow into a DeFi-friendly ecosystem. Ripple is expected to launch later in the year. will launch a stablecoinThis could bring in billions of dollars, and is therefore a perfect platform for national DeFi.
XRPL has a huge advantage over its rivals, like Ethereum, in terms of fees. For a DeFi to be affordable to those who are financially marginalised it must have very low fees, something Ethereum, despite the fact that they’re the largest player and switching to proof You can also find out more about the following: stake.
🚨 BREAKING:
Donald Trump: “For too long, the average American has been squeezed by the big banks and financial elites.”
Ripple is a company that has been discussing #XRP Trump has been in office since 2018👀https://t.co/tdcNSAru56 pic.twitter.com/UzCJ1KXUxa
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) August 22, 2024
XRP can be traded on $0.6013It is a shedding 1.9% In the last day.
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