Trump Media & Technology Group, a social media company backed by President Donald Trump, has announced in a shareholder letter that it will suspend the sale of its streaming service, Truth+.
"The company is exploring ways to introduce a cryptocurrency wallet and utility token to its platform," said Devin Nunes, CEO of Trump Media.
Nunes said, "We are currently considering introducing a utility token that can be used to pay for Truth+ subscription fees through the Truth Digital Wallet.
"We plan to expand its use in various products and services across the Truth ecosystem in the future." The utility token will be used by Truth Social (Trut
The initiative will be part of a rewards program that Trump Media is promoting across its platforms, including Yahoo! Social, Truth.Fi, and others.
The move hinted at plans to develop a payment method, with the company filing trademark applications at the time for software-related features including digital wallet, asset trading and settlement functionality on its Truth.Fi platform.
Truth+, which launched in October 2024, is a streaming service offering movies and shows aimed primarily at conservative audiences. Trump Media is also a subsidiary of cryptocurrency exchange Crypto.
Signed an agreement with pto.com and asset management company Yorkville America Digital to list an ETF product consisting of cryptocurrencies and stocks on Truth.Fi
The ETF will be comprised of a theme that emphasizes "Made in America."
2025/04/30 09:42 KST
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