Donald Trump Announces $TRUMP as the Official Currency for His Merchandise
The President of the United States, Donald Trump, continues to expand his footprint in the crypto space by integrating his official memecoin, $TRUMP, into the sale of merchandise. Holders of $TRUMP can now purchase items such as sneakers, watches, and fragrances using this token. This initiative marks a notable evolution for the 47th president, who had previously referred to the value of cryptocurrencies as “based on wind”.
Crypto: The memecoin $Trump finally becomes useful!
According to a report from January 29, three websites now accept $TRUMP for purchases of the president’s merchandise: GetTrumpSneakers.com, GetTrumpWatches.com, and GetTrumpFragrances.com. These sites belong to CIC Ventures LLC, a company linked to Donald Trump. The memecoin $TRUMP, which previously had around 700,000 holders, was primarily used for speculation or to support the president. However, this new initiative provides a concrete utility to the crypto token, allowing holders to use it to buy merchandise.
Furthermore, Trump Media and Technology Group, the parent company of Donald Trump’s social network, announced on January 29 that it was launching into financial services, including investment vehicles like cryptocurrencies. The company’s stock surged by 8% following this announcement. This decision shows Donald Trump’s growing willingness to integrate crypto into his commercial empire, despite warnings from government oversight bodies.
An explosion to come?
This integration of the $TRUMP token as a means of payment for merchandise could reinforce its legitimacy and boost demand. Indeed, by providing a concrete utility to this memecoin, Donald Trump attracts more investors and supporters, which could lead to an increase in its value. However, the crypto market remains volatile, and the high concentration of tokens in a few hands could limit its adoption. Nevertheless, if the enthusiasm continues, the value of $TRUMP could very well explode!
The expansion of Donald Trump’s crypto footprint thus demonstrates his willingness to adopt and integrate cryptocurrencies into his business activities. This initiative could strengthen the legitimacy and demand for $TRUMP, although market volatility and the concentration of tokens remain challenges to overcome.
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Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.