Trump Media may launch a crypto wallet and token
Truth Social could soon feature a utility token for subscription payments and other services in the Trump ecosystem.
Trump Media & Technology Group is considering launching a crypto token and digital wallet to complement its Truth+ streaming service.
The new asset would be introduced as part of a broader rewards programme. It could be used to pay for subscriptions before expanding to other offerings within the company’s ecosystem.
Other components of the ‘Truth ecosphere’ include Truth Social, a social network favoured by Donald Trump, and Truth.Fi, a recently launched fintech platform. Truth.Fi is developing investment products with an ‘America-First’ theme.
It aims to combine cryptocurrencies and traditional assets in customised ETFs by the end of the year.
Despite declining prices of Trump-affiliated meme coins, including those linked to Donald and Melania Trump, Trump Media remains committed to crypto.
The firm has already pledged up to $250 million of its cash reserves to Bitcoin and similar assets. Its annual meeting is scheduled for Wednesday.
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