World Liberty Financial Plans Imminent Launch of Crypto-Linked Debit Card
According to co-founder Zak Folkman at Korea Blockchain Week 2025, the firm will introduce a debit card alongside a retail app combining P2P payments and trading services.
Fact Check
The statement is directly supported by Source 1 (The Block), which quotes World Liberty Financial's co-founder, Zak Folkman, saying the project is launching its own debit card 'very soon.' This explicitly confirms the plan for an imminent launch. While other sources confirm the existence of World Liberty Financial and its other crypto products, this source is the only one provided that specifically addresses the debit card.
Summary
World Liberty Financial officially announced plans at Korea Blockchain Week 2025 to launch a debit card and a new retail application. Co-founder Zak Folkman explained that the app will merge Venmo-style peer-to-peer payment functions with Robinhood-like trading capabilities. The debit card is designed to complement the app, which is expected to launch soon. Folkman also emphasized that the company has no intention of developing its own blockchain.
Terms & Concepts
- Crypto-Linked Debit Card: A payment card that allows users to spend cryptocurrency balances directly or converts crypto to fiat at the point of sale.
- P2P Payments: Peer-to-peer transactions that enable users to send money directly to each other without intermediaries.