Truth Social’s parent company, Trump Media and Technology Group, has applied for a trademark for “TruthFi” in anticipation of launching a digital currency payment service. The new platform is expected to offer services such as crypto payments, financial asset management, digital asset trading, and card payment processing.
This move demonstrates the company’s intention to expand beyond its current social media platform, Truth Social, which has faced financial struggles. However, the application documents provide little information on the project’s timeline or details on how it will operate. In related news, token sales for another Trump-fronted crypto project, World Liberty Financial (WLF), are lagging behind their targets.
The WLFI token is significantly behind its revised sales target, having only sold 2% of its initial goal. The poor performance has led the WLF team to lower their token sales goal multiple times, with the latest SEC filing showing a target of just 2 billion tokens. The slow demand for WLFI tokens could be a cause for concern for investors, especially considering the positive impact of Trump’s election victory on the broader crypto market.
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<p>The post Trump Media to Expand Business with Digital Wallet Software first appeared on CoinBuzzFeed.</p>