Donald Trump Jr., the eldest son of US Republican presidential candidate Donald Trump. Donald Trump Jr. finally revealed more information about his recent article mentioning decentralized finance (DeFi). He said on Thursday (8th) that he would launch a new encryption platform to try to solve the problem of banks. Inequalities in accessibility, but that will take a long time to come to fruition.

Donner Jr. said in a Q&A on subscription-based platform Locals that he is not launching a memecoin, but is developing a cryptocurrency platform to challenge the banking industry. He said, "We are talking about a larger platform" that is very different from meme coins.

Downey Jr. also added that "we still have a long way to go before we can do anything." He did not reveal any launch timeline or details about the platform, but emphasized that the platform will challenge the banking system. He said:

"What we want to do is challenge a lot of the banking space, and I think there's always been a lot of inequality, where only certain groups of people have access to finance... so this concept of decentralized finance is obviously very useful for people like me who have been debanked. The people who serve are very attractive.”

BREAKING: Donald Trump Jr confirms that he is NOT launching a memecoin but a crypto platform that won’t be ready for awhile. THE TICKER IS $TRUMP. pic.twitter.com/xLUF5ChA1T

— Steven Steele (@MrStevenSteele) August 9, 2024

Don Jr. said on the Similar content was posted on X: "I'm really in love with crypto/DeFi, stay tuned for big announcements."

We’re about to shake up the crypto worldwith something HUGE.Decentralized finance is the future—don’t get left behind.#Crypto#DeFi #BeDeFiant

— Donald Trump Jr. (@DonaldJTrumpJr) August 7, 2024

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