Financial institution World Liberty Financial seals partnership agreement with Pakistan Crypto Council
Tired of the long read? Here's the TLDR:
- WLFI met with Binance's CZ in Abu Dhabi to discuss worldwide crypto adoption plans.
- WLFI formed a partnership with the Pakistan Crypto Council to promote blockchain and DeFi in Pakistan.
- Pakistan ranks 9th globally for crypto adoption, with 25 million active users and $300 billion in annual transactions.
- DWF Labs invested $25 million in WLFI's governance tokens.
- WLFI holds over $102 million in cryptocurrency assets.
Grab a seat and let's dive in! World Liberty Financial (WLFI), the dynamic digital asset platform endorsed by the 45th U.S. President, is taking the crypto world by storm with its ambitious expansion plans.
Wikki, Zak, and Chase from WLFI held a pivotal meeting with Changpeng Zhao (CZ), co-founder of Binance, in the heart of Abu Dhabi. Their discussions focused on kickstarting global crypto adoption and pushing the boundaries of innovation in the industry. This rendezvous marks an integral part of WLFI's broader goal to conquer new markets. No untold fortunes or fresh tokens sprang forth from this meeting, leaving the immediate outcomes somewhat shrouded in mystery.
In a related twist, WLFI inked a Letter of Intent with the Pakistan Crypto Council. Their goal? Empower the beautiful country of Pakistan with blockchain technology, embrace decentralized finance, and champion stablecoin adoption. The team from WLFI also coursed through the halls of Pakistani administration, sitting down with influential peeps like the Prime Minister and various ministers.
Pakistan, a rising star in the crypto galaxy, offers the perfect ground for crypto expansion. With 25 million crypto-savvy citizens, the country ranks 9th worldwide for crypto adoption. Moreover, they boast a staggering $300 billion in annual crypto transactions! With about 60% of the population under 30, Pakistan's youth and thriving tech sector make it an appealing magnet for crypto manufacturers.
"Pakistan's young guns and tech sector are our most valuable assets," remarked Finance Minister Muhammad Aurangzeb. "Through partnerships like WLFI, we are unlocking new investment opportunities, fostering innovation, and striding toward global leadership in the blockchain economy!"
The alliance between WLFI and the Pakistan Crypto Council outlines some exciting initiatives. Theseinclude:
- Regulatory sandboxes to test out revolutionary blockchain products, ensuring a harmonious balance between progress and financial security.
- Fortifying Pakistan's crypto infrastructure to support new blockchain-based services and cutting-edge products.
- Nurturing stablecoin applications for remittances and trade, aiming to slash costs and boost efficiency.
As CZ also segued into the role of Pakistani Crypto Council advisor, he's ready to guide the country through the crypto regulatory wild west. And on April 10, Pakistan's Federal Investigation Agency proposed a sensible regulatory framework for cryptocurrencies. The plan addresses crucial aspects like terrorism financing, money laundering, and KYC controls. This shift in Pakistan's stance on cryptocurrencies feels like a coming of age, moving away from a formerly hostile position, as demonstrated by former finance minister Aisha Ghaus Pasha's statement in May 2023, when she said the country would veer away from legalizing cryptocurrencies due to regulatory concerns.
Keep the excitement burning because WLFI's star is far from waning! Web3 powerhouse DWF Labs recently dumped $25 million into WLFI's governance tokens. This investment is part of DWF Labs' intriguing U.S. expansion strategy and will bolster WLFI's growth, particularly its stablecoin USD1.
Keep your eyes peeled on WLFI's cryptocurrency assets, too! According to the wise minds over at Arkham, WLFI currently takes possession of slightly over $102 million worth of crypto assets. These include 22.7 million USD Coin, $15.1 million in Wrapped Bitcoin, 13.9 million in Ethereum, and 9.93 million in Tron, among other assets.
Launched last year with a push from President Trump and his brood, WLFI continues to make significant strides in its aggressive global expansion campaign. The meeting with CZ in Abu Dhabi, as well as the partnership with the Pakistan Crypto Council, show the tenacity and strategic prowess of this trailblazing crypto lending and borrowing platform.
- WLFI's meeting with Binance's CZ in Abu Dhabi aimed to discuss plans for global crypto adoption and innovation.
- In partnership with the Pakistan Crypto Council, WLFI aims to empower Pakistan with blockchain technology, DeFi, and stablecoin adoption.
- Pakistan, with 25 million active crypto users and $300 billion in annual transactions, ranks 9th globally for crypto adoption.
- DWF Labs invested $25 million in WLFI's governance tokens as part of its US expansion strategy.
- WLFI holds over $102 million in various cryptocurrencies, including USD Coin, Wrapped Bitcoin, Ethereum, and Tron.
- Changpeng Zhao from Binance now serves as an advisor to the Pakistan Crypto Council, and Pakistan is proposing a regulatory framework for cryptocurrencies.
