Trump Media to Adopt Secure Payment Processing
February 03 2025 - 7:30AM
Trump Media and Technology Group Corp. (Nasdaq: DJT) (“TMTG”),
operator of the social media platform Truth Social and the
streaming platform Truth+, is announcing today that the company has
signed an agreement with the payment processor vendor Moov to
handle payment processing for the Truth Social platform and the
Truth+ video streaming service.
The partnership will provide users with flexible methods of
payment including credit cards, ACH transfers, and debit cards.
Harnessing Moov’s robust privacy protections and uncancellable tech
stack, the deal will allow TMTG to begin monetizing aspects of its
platforms and to offer subscription packages on Truth+ while laying
the infrastructure for other potential e-commerce activity.
Secure payment processing will be part of TMTG’s new Truth.Fi
brand, which spans financial services and FinTech solutions to be
incorporated into TMTG’s platforms. The TMTG board of directors
recently approved the creation of customized separately managed
accounts (“SMAs”) and customized exchange-traded funds (“ETFs”) in
2025 under the Truth.Fi brand.
TMTG CEO and Chairman Devin Nunes said, “We committed to deliver
uncancellable platforms to Truth users, and Moov will allow us to
continue fulfilling that promise. We plan to offer premium Truth+
subscription packages that will attract viewers looking for
family-friendly streaming channels and a wide array of on-demand
content, all delivered at ultra-fast speed through TMTG’s
proprietary streaming infrastructure.”
“TMTG is building a dynamic platform for free expression, and
we’re excited to support their growth with embedded secure payment
processing,” said Moov’s CEO Wade Arnold. “By eliminating
intermediaries, Moov provides greater reliability and scalability,
faster settlements, and a superior payment experience for their
users.”
TMTG aims to begin rolling out Truth+ subscription packages this
year.
About TMTG
The mission of TMTG is to end Big Tech’s s assault on free
speech by opening up the Internet and giving people their voices
back. TMTG operates Truth Social, a social media platform
established as a safe harbor for free expression amid increasingly
harsh censorship by Big Tech corporations, as well as Truth+, a TV
streaming platform focusing on family-friendly live TV channels and
on-demand content. TMTG is also launching Truth.Fi, a financial
services and FinTech brand incorporating America First investment
vehicles.
About MOOV
Moov is a new kind of payment processor, built from scratch in
the cloud to make payments easier for developers & businesses.
With Moov, businesses accept, store, send, and spend money — all
through one simple integration. Moov is driven by a give-first
mindset and supports a thriving network of developers with
open-source libraries and a growing community. Discover how Moov
can transform your payment operations at moov.io.
Cautionary Statement About Forward-Looking
Statements
Certain statements in this press release constitute
“forward-looking statements” within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Statements contained in
this press release that are not historical facts are
forward-looking statements and include, for example, statements
regarding, among other things, the plans, strategies, and
prospects, both business and financial, of TMTG. We have based
these forward-looking statements on our current expectations about
future events, including the rollout of products and features and
the future plans, timing and potential success of our future
collaborations. The forward-looking statements included in this
press release are based on our current beliefs and expectations of
our management as of the date of this press release. These
statements are not guarantees or indicative of future performance.
Although we believe that our plans, intentions, and expectations
reflected in or suggested by these forward-looking statements are
reasonable, we cannot assure you that we will achieve or realize
these plans, intentions, or expectations. Forward-looking
statements are inherently subject to risks, uncertainties, and
assumptions. Generally, statements that are not historical facts,
including statements concerning possible or assumed future actions,
business strategies, events, or results of operations, are
forward-looking statements. These statements may be preceded by,
followed by, or include the words “believes,” “estimates,”
“expects,” “projects,” “forecasts,” “may,” “will,” “should,”
“seeks,” “plans,” “scheduled,” “anticipates,” “soon,” “goal,”
“intends,” or similar expressions. Forward-looking statements are
not guarantees of future performance, and involve risks,
uncertainties and assumptions that may cause our actual results to
differ materially from the expectations that we describe in our
forward-looking statements. There may be events in the future that
we are not accurately able to predict, or over which we have no
control. Important assumptions and other important factors that
could cause actual results to differ materially from those forward-
looking statements include, but are not limited to, our ability to
recognize the anticipated benefits of Truth.Fi and our future
collaborations; the possibility that we may be adversely impacted
by economic, business, and/or competitive factors; our limited
operating history making it difficult to evaluate our business and
prospects; our inability to effectively manage future growth and
achieve operational efficiencies; our inability to grow or maintain
our active user base; our inability to achieve or maintain
profitability; occurrence of a cyber incident resulting in
information theft, data corruption, operational disruption and/or
financial loss; potential diversion of management’s attention and
consumption of resources as a result of new products and
strategies; and those additional risks, uncertainties and factors
described in more detail under the caption “Risk Factors” in our
Quarterly Report on Form 10-Q for the quarter ended September 30,
2024, and in our other filings with the Securities and Exchange
Commission. We do not intend, and, except as required by law, we
undertake no obligation, to update any of our forward-looking
statements after the issuance of this press release to reflect any
future events or circumstances. Given these risks and
uncertainties, readers are cautioned not to place undue reliance on
such forward-looking statements.
Investor Relations Contact
Shannon Devine (MZ Group | Managing Director - MZ North
America)Email: shannon.devine@mzgroup.us
Media Contact
press@tmtgcorp.com
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