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American automaker Mullen Automotive announced it accepts BTC and TRU payments, is it flattering Trump?
American electric vehicle manufacturer Mullen Automotive announced that it will accept BTC and the $TRUMP meme coin for purchasing electric trucks. While Bitcoin is understandable, the inclusion of TRUMP has caught market attention. (Background: Sun Yuchen aims to list TRON in the U.S.! TRON's reverse merger with SRM for a quick IPO, and Trump is involved?) (Additional background: Trump's latest financial report shows he made $57.35 million last year from WLFI, profiting from not only cryptocurrencies but also merch.) This week, Mullen Automotive dropped a bombshell, announcing that starting today, its three commercial electric vehicles: Mullen ONE, Mullen THREE, and Bollinger B4, can be purchased directly with Bitcoin (BTC) or the Trump meme coin $TRUMP, setting a precedent for purchasing cars with TRUMP. The purchasing process takes only a few minutes. Mullen stated that buyers generate a one-time address through a third-party crypto gateway, and after on-chain confirmation, they can schedule delivery, which takes only a few minutes. The available models include the Bollinger B4 with a range of 185 miles (payload of 7,325 lbs), Class 1 cargo van Mullen ONE, and Class 3 chassis vehicle Mullen THREE. CEO David Michery said in a press release: "Crypto payments allow us to reach a whole new demographic of commercial and consumer groups, providing more flexible transaction options." Expanding customer base and creating differentiation According to a report by CryptoTimes on the 27th, 13% of small and medium-sized enterprises in the U.S. now hold crypto assets, and several publicly listed companies have started to allocate BTC directly to their inventory. The topic of "buying electric vehicles with Bitcoin" has raised visibility for this manufacturer, which has over 50 dealership points. However, on the other hand, the $TRUMP meme coin has fluctuated over 45% in the past 30 days; if Mullen does not immediately exchange it, the car price may vary before delivery. Additionally, for tax purposes, crypto payments are considered asset swaps, requiring extra reporting from businesses, increasing accounting costs, which could become a risk the company needs to bear. Related reports: Israel bombed Iran's natural gas oil field for the first time and requested the U.S. to send troops! How did Trump respond? During Trump's era, officials trading cryptocurrencies were not guilty! The "CLARITY Act" banning self-serving clauses was blocked by the White House. Trump boasts: The immigrant golden card attracted 15,000 wealthy registrations overnight, bringing $75 billion in revenue to the U.S. <American car manufacturer Mullen Automotive announces acceptance of BTC and TRUMP payments, is this flattery towards Trump?> This article was first published in BlockTempo, the most influential Blockchain news media.