World Liberty Financial Partnerships with Spacecoin to Integrate DeFi and Satellite Internet

Source: CryptoNewsNet Original Title: Donald Trump’s Cryptocurrency Venture Forms Partnership with an Altcoin Project Original Link: https://cryptonews.net/news/finance/32321799/ World Liberty Financial, a cryptocurrency startup linked to the Trump family, has signed a strategic partnership with Spacecoin, a company developing satellite-powered internet infrastructure.

The parties have reached an agreement, including a token swap, as part of their collaboration aimed at integrating decentralized finance (DeFi) applications with satellite-based internet. The agreement aims to pave the way for joint efforts in areas such as payments, reconciliation processes, and coordination in regions inaccessible to traditional financial networks. The two projects plan to create a more inclusive ecosystem on a global scale by integrating infrastructure and financial services.

Expanding Internet Access via Satellite

Spacecoin recently launched three satellites into low Earth orbit (LEO). The project aims to provide permissionless internet access via a satellite constellation using a system it describes as a “decentralized physical infrastructure network.” Initially, the focus is on remote and underserved communities where broadband infrastructure is weak or nonexistent.

Spacecoin’s core vision is to enable users to access the internet without being dependent on governments or telecommunications monopolies. However, according to company officials, internet connectivity alone is not enough. Spacecoin founder Tae Oh stated, “True digital freedom also requires access to strong, fair, and open financial services.”

Bridging Finance and Connectivity

World Liberty Financial steps in at this point, supporting the protocol with tools that enable users to send, receive, and settle payments. The partnership comes just weeks after World Liberty Trust Company, a subsidiary of World Liberty Financial, announced it had applied to the U.S. Office of the Comptroller of the Currency for a national bank license.