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Cryptocurrency News Articles

TRUMP: the memecoin as a payment method for Donald Trump branded items

Jan 30, 2025 at 06:52 pm

The TRUMP memecoin has been integrated as a payment method in the various marketplaces of Donald Trump branded items.

TRUMP: the memecoin as a payment method for Donald Trump branded items

The memecoin TRUMP is now a payment option for several marketplaces that sell items branded with the name of Donald Trump, the current President of the USA.

The new initiative increases the utility of TRUMP, a memecoin that was launched only on January 17 and has already entered the ranking of the top 30 crypto by market cap.

TRUMP: the memecoin as a payment method for Donald Trump branded items

The TRUMP memecoin has been integrated as a payment method in the various marketplaces of Donald Trump branded items.

Several websites selling Trump-branded products have started to accept the Trump memecoin for payment, in an effort to win over more of the president’s supporters https://t.co/ksaQcq9po8

“Several websites selling Trump-branded products have started accepting the Trump memecoin for payment, in an attempt to win over a larger number of the President’s supporters.”

In practice, marketplaces like GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com, have started accepting the crypto TRUMP as a payment method, along with credit cards and Bitcoin (BTC).

Specifically, the payment options of TRUMP are processed by Solana Pay. This decentralized payment system allows users to send money directly to merchants without intermediaries.

Behind this decision is CIC Digital LLC, the company with the licensing agreement for the sale of official Donald Trump branded products. It is also noteworthy that CIC Digital LLC is also one of the companies that managed the issuance of the TRUMP memecoin.

TRUMP and the increase in the utility of the memecoin 2025

With this new integration still on the Trump theme, the memecoin has the opportunity to see its utility increase and, therefore, its adoption.

TRUMP was launched on January 17, 2025, on the Solana blockchain and, in a couple of days, conquered the crypto market. In fact, already on January 20, the day of Donald Trump’s proclamation as the new President of the USA, the official memecoin TRUMP had reached a value of $79.

At the time of writing, TRUMP is worth $27.53 and is experiencing a price dump of -23% compared to seven days ago.

Beyond the price, however, there is also the market cap of Trump’s official memecoin, which has grown so exponentially as to make TRUMP climb in the general crypto ranking.

In fact, at the time of writing, TRUMP is in the top 30 crypto, exactly in 26th position with a total market cap of 5.5 billion dollars.

The hypothesis of legal disputes against the President of the USA

Recently, the crypto lawyer Preston Byrne stated that in his opinion, very soon Donald Trump will face legal disputes due to the launch of the token TRUMP.

The hypothesis that this fact may occur is based on several motivations. The first talks about the memecoin TRUMP as a pump&dump scheme.

In this case, since Donald Trump himself would have advertised the launch of TRUMP with a post on X, he might have participated in such a scheme, “pumping” its price.

Another reason expressed by Byrne is the exploitation by the USA President of his popularity at the expense of his followers.

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Other articles published on Jan 31, 2025