Gairika Mitra
Republican Presidential candidate Donald Trump made headlines on Wednesday when he used Bitcoin to pay his bill at a bar in New York City. This marked the first time a U.S. president has publicly used cryptocurrency for a transaction.
YouTuber Dom Lucre (@dom_lucre) took to X to share this news.
š„šØBREAKING: President Trump just paid his tab in a NYC bar using Bitcoin making this the first public crypto transaction by a president. pic.twitter.com/Df5PWFSsfR
— Dom Lucre | Breaker of Narratives (@dom_lucre) September 18, 2024
The pub’s owners proudly announced that this was the first transaction by a president on the Bitcoin protocol. After completing the purchase, Trump remarked, āHistory in the making.ā
As part of the event, Trump distributed burgers to patrons, branding them as ācrypto burgers.ā While he paid for the food, Diet Cokes were offered free of charge to everyone present. During his visit, Trump expressed enthusiasm for Bitcoin, stating, āBitcoin is really happening,ā as he mingled with supporters and bar-goers.
Trumpās Vision for Cryptocurrency – World Liberty Financial
The Shib Daily previously reported Trump launching his crypto venture World Liberty Financial. The former President expressed his enthusiasm on an X Spaces live stream on the launch by saying, āCrypto is one of those things we have to do. Whether we like it or not, we have to do it.ā
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Trump and the other speakers during the live stream shared that World Liberty Financial will function as a banking platform. It will help users lend, borrow, and invest in crypto.Ā
The livestream also covered the WLFI token. The founding team, composed of members of the Trump family, owns 20% of the tokens. An additional 17% is allocated for user rewards, while the remaining 63% is available for public purchase. There will be no pre-sales or early buy-ins. The token will adhere to SEC Regulation D, enabling fundraising without prior registration.
However, skepticism surrounds WLFI. People have already started questioning whether it aims to genuinely revolutionize the financial landscape or if it is merely a gimmick.
Many people expressed their disappointment over the livestream, calling it a āwasted opportunity.ā Some people even said, āIt was a long sales pitch.āĀ
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Even though Trump had talked optimistically about crypto and expressed his desire to leave the “slow and outdated banks” behind, it seems like a lot still needs to be done.Ā
On the positive side, however, analyst Satoshi Sniper (@SatoshiSniper_) called Trump making the first crypto transaction as āmassive.ā
The former U.S. president had earlier made promises like making the U.S. the ācrypto capitalā of the planet. He also started accepting donations in crypto in May when he declared himself as a ācrypto candidateā back then.Ā
Read More
Trump to Launch World Liberty Financial, Calls Big Banks āSlow and Outdatedā
Trump World Liberty Fi: DeFi Revolution or Distraction Tactic?
Trumpās Crypto Venture: More Questions Than Answers
GAIRIKA
Gairika is a cryptocurrency journalist with a focus on Bitcoin and blockchain technology.
