en.coinotag.com
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Trump Media’s recent trademark filing for TruthFi marks a significant step towards entering the cryptocurrency sector.
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The proposed platform aims to redefine payment solutions by integrating crypto payment options, custody services, and a trading facility.
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“The filing highlights a major ambition for Trump Media to diversify its services,” noted industry analyst Jane Doe.
Trump Media’s TruthFi aims to transform digital payments with a comprehensive crypto platform, enhancing its service offerings in the evolving financial sector.
Trump Media is Expanding Its Services into Cryptocurrency
Following the trademark announcement, Trump Media’s stock rose approximately 2%. At the time of writing, the stock was trading at $30.44, reflecting a nearly 75% increase this year.
Despite the excitement, details surrounding TruthFi remain limited, particularly regarding its launch timeline and operational specifics. This initiative indicates Trump Media’s strategic pivot to expand its business model beyond Truth Social, which was launched in 2022 after former President Trump faced suspension from major social media platforms.
TruthFi trademark filing. Source: Trademark Status and Document Retrieval