According to BlockBeats, former US President Donald Trump successfully repaid a $114 million loan through cryptocurrencies, brand licensing, and his personal media platform. The funds were likely raised from the sale of Trump coins. After previously relying on shadow banks like Ladder Capital for financing, Trump has turned to cryptocurrencies and brand licensing as new ways to accumulate wealth.
Trump's success in refinancing highlights the potential of cryptocurrencies as a funding source, particularly through Bitcoin and his own coin TRUMP, to improve financial standing in the short term. His actions have sparked interest in the application of cryptocurrencies in traditional business sectors.
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