The Trump Media and Technology Group (DJT) (DJT) shares have grown over 7 % in the morning of Wednesday after announcing a plan to expand to financial services, including potential investment in bitcoin and other cryptocurrencies.
The majority of President Donald Trump has announced the new FinTech brand Truth.fi. These funds, detained by securities companies Charles Schwab (SCHW), are allocated to customized exchange sales, cryptocurrency, and other investment vehicles.
“Truth.fi is a natural expansion of the true social movement,” said Devin Nunes, CEO and chairman of TMTG.
“We have started by creating a free speech social media platform, and we have added an ultra -high -speed television streaming service. Currently shifted to investment products and distributed finances.”
The company hopes that Truth.Fi products and services (including various investment means) will be expanded this year because new contracts have been confirmed.
This marks the further advancement of Trump into the encryption space. Earlier this month, a few days before the US 47th president of the United States, he launched a new cryptocurrency token token Trump. Last year, during his election campaign, Trump and his sons introduced a cryptographic project called World Liberty Financial that collapsed on the first day.
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