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WLFI Unveils Crypto-Linked Debit Card for Everyday Payments

WLFI Unveils Crypto-Linked Debit Card for Everyday Payments

CEO Zach Witkoff says the firm is also evaluating asset tokenization in real estate, oil, and gas sectors.

Fact Check
Multiple credible sources, including CoinMarketCap, The Block, and CryptoNews.au, corroborate that World Liberty Financial (WLFI) has announced its plan to launch a crypto-linked debit card. The announcements, made by co-founder Zak Folkman, specify that the card is coming 'within weeks' or 'very soon' and is designed for spending, which aligns with the purpose of 'everyday payments' for this type of financial product.
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Terms & Concepts
  • Crypto-Linked Debit Card: A payment card that allows users to spend cryptocurrency by converting digital assets into fiat currency at the point of purchase.
  • Asset Tokenization: The process of converting rights to a physical or financial asset into a digital token on a blockchain, enabling easier transfer and fractional ownership.
  • Cryptocurrency Assets: Digital currencies or tokens that exist on blockchain networks, enabling decentralized, peer-to-peer transactions without intermediaries.