Trump uses cryptocurrencies to repay a $114 million loan
According to BlockBeats, US President Donald Trump has managed to repay a $114 million loan through cryptocurrencies, trademark licensing, and his personal media platform. The funds may have been raised from the sale of Trump coins. After previously relying on shadow banks like Ladder Capital for financing, Trump has turned to cryptocurrencies and trademark licensing as new ways to accumulate wealth.
Trump's success in refinancing highlights the potential of cryptocurrencies as a source of financing, particularly through Bitcoin and his own coin, to improve short-term financial situations. His actions have sparked interest in applying cryptocurrencies in traditional business sectors.
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