Tech billionaire Mark Cuban thinks Donald Trump phone could be all about …
Tech billionaire
Mark Cuban
has predicted that the newly launched
Trump-branded smartphone
's primary purpose may not be the device itself, but rather a strategic way to generate revenue through cryptocurrency. Replying to a post on social media platform X (earlier Twitter) about the newly announced Trump-branded phones, the billionaire investor proposed that the $499 "T1" phone may likely feature a pre-loaded crypto wallet. Cuban also suggested that this wallet may integrate entities like World Liberty Financial (WLF - a crypto company that's connected to the Trump family) and the Trump coin, along with their stablecoins.
Cuban believes that 'whatever transactions they can create will generate fees for them,' highlighting different ways to facilitate sales and preload assets onto the device to generate income. This comes after US President's sons, Donald Trump Jr. and Eric Trump, unveiled the Trump Phone this week.
What Mark Cuban said about the Trump 'T1' phone
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This all started with a post shared by Cuban on X, which included a video of Eric Trump introducing Trump Mobile. Sharing this video, Cuban wrote:
'I just want to know who makes them and where.'
Replying to this post, a user named Gary Koepnick said:
'I'll never understand how 25% of the population can't see him for what he is.'
Further responding to Koepnick's comments, Cuban wrote:
'I think the smart game they are probably playing is to put a crypto wallet on the phone that leverages WLF, $Trump and their stable coins. Whatever transactions they can create generate fees for them, and there are so many ways to sell things and pre-load whatever they want.'
However, it's important to note that there is no mention on the Trump Mobile website of cryptos.
If Mark Cuban's theory proves accurate, the Trump phone could serve as a gateway to a Trump-branded Web3 ecosystem, potentially preloaded with digital wallets, assets, and features enabling blockchain transactions.
In an interview with Fox Business, Eric Trump said that the T1 device would 'revolutionise cellphones,' while Donald Trump Jr. described it as a 'true value' alternative to mainstream carriers, made in America, during a press conference in New York City.
Trump Jr. also stated that the venture aims to offer more than just wireless coverage and a smartphone — it will include services like telemedicine and roadside assistance.
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