Donald Trump’s social network will pay cryptocurrency to users

Truth Social has announced the launch of a cryptocurrency rewards program for its users. According to the official announcement, the new feature called «Truth gems» will be available to premium subscribers and will allow them to convert earned points into Cronos (CRO) cryptocurrency using the infrastructure from Crypto.com.

Users will be able to redeem these digital rewards for activity on the platform and on Truth’s streaming service. The initiative is part of an expanded premium package called the Patriot Package promoted by Trump Media and Technology Group (TMTG), which owns Truth Social, Truth and fintech.

Crypto integration is another step in the company’s attempt to gain a foothold in the digital asset ecosystem. In June, Truth Social filed an application with the SEC to create an exchange-traded fund (ETF) covering Bitcoin BTC $112,551.00 Mezo Wrapped BTC -0.57% Market capitalization $41.67 million VOL. 24 hours $1.71 billion and Ethereum ETH $4,328.10 Bridged Ether (StarkGate) -0.76% Market capitalization $0.1 billion VOL. 24 hours $1.63 billion . The document stated that the fund’s goal is to hold BTC and ETH, which will be the collateral for the shares issued.

Earlier, in January, TMTG entered into a partnership with financial giant Charles Schwab to develop products in the field of decentralized finance (DeFi). This demonstrates the company’s consistent policy of combining social media and financial technologies.

Thus, Truth Social expands the capabilities of its subscribers by adding a new cryptocurrency reward format to traditional services, which can increase audience engagement and create additional value for premium package users.