The organization behind social media platform Truth Social, owned by President-elect Donald Trump, has applied to trademark the name "TruthFi" in preparation for creating a digital currency payment service. The Trump Media and Technology Group (TMTG) plans to develop a crypto and digital wallet service under the name TruthFi, although details about the project's functionality and launch date are limited. The filing mentions services such as crypto payments, financial asset management, digital asset trading, and card payment processing. TMTG may be seeking to expand beyond its struggling social media network. Meanwhile, another Trump-backed crypto project, World Liberty Financial (WLF), is experiencing low demand for its token sales, with only $5.74 million worth of tokens sold.



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