TLDR WLFI partners with Spacecoin to explore the integration of DeFi and satellite-powered internet services. The partnership aims to provide financial servicesTLDR WLFI partners with Spacecoin to explore the integration of DeFi and satellite-powered internet services. The partnership aims to provide financial services
WLFI partners with Spacecoin to merge DeFi with satellite internet services
3 min read
TLDR
- WLFI partners with Spacecoin to explore the integration of DeFi and satellite-powered internet services.
- The partnership aims to provide financial services to underserved populations with limited access to traditional banking systems.
- WLFI’s USD1 stablecoin now has a market capitalization of approximately $3.2 billion.
- Spacecoin has launched three satellites to create a decentralized physical infrastructure network for global internet connectivity.
- The collaboration includes a token swap between WLFI and Spacecoin to support future financial systems in remote areas.
World Liberty Financial (WLFI), a crypto firm tied to the Trump family, has entered a strategic partnership with Spacecoin. The collaboration focuses on integrating decentralized finance (DeFi) with satellite-powered internet to expand financial services globally. This partnership also involves a token swap, though specific terms remain undisclosed.
WLFI’s Expanding Reach with Spacecoin
WLFI has partnered with Spacecoin to bridge the gap between space-based internet and decentralized finance. The two companies aim to provide financial services to underserved populations worldwide. This collaboration will help create solutions for payments and settlements where traditional financial networks are unavailable.
He added that the goal is to explore financial systems in areas where traditional methods are limited. The partnership is a strategic move to extend WLFI’s crypto services globally.
Spacecoin’s Satellite Network and DeFi Vision
Spacecoin has been developing a decentralized infrastructure through its low-Earth orbit satellite network. The project recently launched three satellites, marking a step forward in building a global satellite constellation. This network aims to offer alternative broadband access, especially in remote areas where traditional internet services do not reach.
The Spacecoin infrastructure seeks to provide permissionless internet connectivity. According to Spacecoin founder Tae Oh, “True digital freedom also requires access to robust, fair, and open financial services.” By offering internet access and integrating DeFi, Spacecoin hopes to revolutionize financial inclusion.
WLFI continues to push the limits of its USD1 stablecoin, which now has a market cap of approximately $3.2 billion. The firm has also expanded into crypto lending through its World Liberty Markets platform. USD1 is gaining traction as a stable and reliable digital asset for payments and settlements globally.
In addition to its DeFi ambitions, WLFI recently pursued international engagement, securing a partnership with Pakistan to explore USD1’s use in payments and remittances. This move highlights the firm’s global vision to make USD1 a mainstream digital currency for cross-border transactions.
The post WLFI partners with Spacecoin to merge DeFi with satellite internet services appeared first on CoinCentral.
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