World Liberty Financial, a cryptocurrency startup with ties to the Donald Trump family, has entered into a strategic partnership with Spacecoin, a company developing satellite-based internet infrastructure.
The parties have reached an agreement that includes a token exchange as part of their cooperation aimed at integrating decentralized finance (DeFi) applications and satellite-based internet.
The agreement aims to pave the way for joint efforts in areas such as payments, settlement processes and coordination in areas inaccessible to traditional financial networks. In this context, the two projects plan to create a more inclusive ecosystem on a global scale by integrating infrastructure and financial services.
”)
Spacecoin recently launched three satellites into low Earth orbit (LEO). The project aims to provide permissionless internet access via a constellation of satellites using a system called a “distributed physical infrastructure network.” The initial focus is on remote and underserved communities where broadband infrastructure is weak or non-existent.
Spacecoin’s core vision is to allow users to access the internet without relying on governments or telecom monopolies. However, company officials say internet connectivity alone is not enough. Spacecoin founder Tae Oh said, “True digital freedom also requires access to strong, fair and open financial services.”
World Liberty Financial steps in at this point to support the protocol with tools that allow users to send, receive, and settle payments. The partnership comes just weeks after Trump family affiliate World Liberty Trust Company announced it had applied for a national bank license from the U.S. Office of the Comptroller of the Currency.
*This is not investment advice.
