Several websites selling Trump-branded merchandise have started accepting the Trump memecoin as a payment option, hoping to attract more of the president’s supporters.
Sites like GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com, all of which officially license Donald Trump’s brand and merchandise, are now allowing customers to pay with $TRUMP, in addition to credit cards and Bitcoin.
MemePay now supports $TRUMP by @realDonaldTrump.$TRUMP is the only official Trump memecoin. Its mission is to encourage a culture of success & optimism to make the world a better place.
Spend your $TRUMP with 0 fees. Win unlimited crypto rewards, up to 420% cashback, and all… pic.twitter.com/zZ3DuHdiqw
— MemePay (@MemePay) January 18, 2025
All transactions will be handled through Solana Pay, a decentralized payment system that lets customers send money directly to merchants, without any middlemen.
The official Trump memecoin launched on January 17, with the former president promoting it on social media. Since then, its value has fluctuated significantly, experiencing both highs and steep declines. Despite the drop, it still had a market cap of $5.4 billion as of Thursday (Jan. 30), according to CoinMarketCap.com.
📢 NEW INTEGRATION ALERT:$TRUMP is now live on Travala! 🎉
You can now book hotels, flights, and fun activities around the world and pay with $TRUMP ✈️
Who’s ready to travel like a boss with @realDonaldTrump? pic.twitter.com/g8AoTmoyCx
— Travala.com 🏨 ✈️ (@travalacom) January 22, 2025
More businesses have jumped on board with $TRUMP as a payment option. Companies like MemePay and the travel site Travala.com have also started accepting the memecoin.
Crypto investors raise concern over Trump memecoin profits
The token has stirred up plenty of debate, with some crypto investors and industry insiders in Washington sounding the alarm, claiming that there may have been some level of insider trading involved. The coin itself has already pulled in at least $11.4 million in fees for groups linked to Trump. When reporters pressed him about whether he’s personally profiting from it last week, he appeared to dismiss the remarks.
When a journalist brought up the billions of dollars the token had generated, Trump brushed it off, saying, “Several billion? That’s peanuts for these guys,” referring to the tech founders in the room.
Earlier this month, First Lady Melania Trump launched her own coin, which sent the $TRUMP token into a spiral. That move didn’t go unnoticed as Senator Elizabeth Warren and Representative Jake Auchincloss have called on regulators to take a closer look at memecoins and whether they’re playing by the rules. In a letter, they wrote: “We write with deep concern about the decision by President Trump and First Lady Melania Trump to launch two meme coins, $TRUMP and $MELANIA, that allow them to earn extraordinary profits off his Presidency.”
Trump has vowed to turn the US into the “crypto capital,” and many believe he’ll push for big changes in the industry throughout his presidential run.
Featured image: Canva / Grok
