- Trump makes history as the first U.S. president to use Bitcoin, paying $998.70 at NYC’s PubKey bar during a campaign stop.
- Using the Strike app, Trump calls his treat “crypto burgers,” endorsing Bitcoin’s role in financial transactions.
- Trump’s Bitcoin payment sparks excitement, signaling increased crypto adoption and community support.
In a historic move, Donald Trump made history as the first US president to engage in a Bitcoin transaction. While on the campaign trail in New York, Trump went to PubKey, a Bitcoin themed bar near New York University in the Greenwich Village. He started preparing for a memorable event prior to the rally at Nassau Coliseum in Long Island.
Trump who is famously a fan of cheeseburgers offered his supporters their favorite meal at the bar. He distributed a dozen of burgers to a large number of people and in the process accumulated a bill of $998.70. Next followed a turning point for both Trump and the crypto space.
The former president used Bitcoin to pay the bill through the Strike payment application which runs on the Bitcoin Lightning Network. In a matter of seconds and with a simple transfer of funds to PubKey’s Zaprite app, the transaction was done and people clapped.
Trump’s Bitcoin Payment
While giving out the burgers to his fans, Trump referred to them as ‘crypto burgers’ in a bid to make the event a bit more fun. He endorsed Bitcoin’s use in financial transactions noting that “Bitcoin is happening” which means that he supports the use of the digital currency in the financial space.
PubKey’s co-founder, Thomas Pacchia, said of the moment, ‘This is a turning point. ’ He also shared his enthusiasm for Trump’s interest in cryptocurrency and how it could help increase the currency’s acceptance among the population and push its use even more. The event further cemented Trump’s positive stance on crypto and his relation with the crypto-community.
This is in line with Trump’s activities in the cryptoverse in the recent past, in demonstration of his intrigue with blockchain and decentralized finance. As recent as this week, he was involved in the launch of World Liberty Financial, a DeFi platform that is associated with his family. The project had been teased for weeks and was formally launched with the presence of Trump, and his sons Eric Trump and Donald Trump Jr.
This marks a significant step for the Bitcoin community to get recognition from Trump, which shows the adoption of digital assets is on the rise and may hold more power. This event sums up the key moment for the crypto enthusiasts and demonstrates how the high-profile backing can influence the development of cryptocurrency further.
