The partnership will allow Trump Media platform users to pay for subscriptions and services with CRO through the Crypto.com wallet.
Crypto.com and Trump Media & Technology Group announced a strategic partnership to integrate Cronos (CRO) and Crypto.com’s digital wallet infrastructure across Trump Media’s platforms, including Truth Social and Truth+.
The partnership introduces a new rewards system that enables users to earn and convert platform ‘gems’ into CRO, plus the ability to pay for subscriptions and services with the token via the Crypto.com wallet. Trump Media will also purchase approximately $105 million in CRO for its balance sheet, while Crypto.com will purchase $50 million in Trump Media stock.
Crypto.com’s Co-Founder and CEO Kris Marszalek said: “We are proud to partner with Trump Media, an innovator in digital media, to bring the utility of CRO to the Truth Social platform. This CRO integration is a historic moment for the Cronos blockchain and a testament to the loyal community of builders dedicated to broadening access to the benefits and opportunities of crypto.”
Trump Media’s CEO and Chairman Devin Nunes said, “As the first company to widely implement CRO across social media and TV streaming platforms, Trump Media is proud to be an early adopter of this best-in-class digital network. With its extraordinary transparency and Crypto.com’s wide array of regulatory licenses, we believe CRO is poised to become a foundational network for the next generation of asset exchange and money transfers for a world-leading, digital-first America.”
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