A Company Invested in by US President Trump's Son Makes a Move into Dogecoin (DOGE)

The Dogecoin (DOGE) move came from Thumzup Media, a public advertising company listed on Nasdaq, in which US President Donald Trump's son, Donald Trump Jr., invested.

Accordingly, Thumzup Media is considering integrating Dogecoin reward payments for those using the Thumzup app.

Thumzup Media, which is working to include Dogecoin in its user rewards, said that reward payments via DOGE could bypass traditional banking barriers.

The company stated that they believe integrating DOGE as a payment option could reduce fees and improve the resolution of cross-border microtransactions.

Thumzup CEO Robert Steele said in a statement:

“Exploring Dogecoin integration is an important next step in our journey to building a scalable and low-friction rewards system.

If successful, this change could improve our unit economics and increase appeal to a broader, crypto-friendly creator audience.”

Tumzup announced last July that it was considering adding altcoins beyond Bitcoin (BTC) to its digital asset portfolio. While the company was considering alternative assets like DOGE, Solana (SOL), and XRP, it initially began with Dogecoin.

At this point, Thumzup holds approximately 19 BTC and 7.5 million DOGE in its treasury as of September 30.

Having fallen by approximately 3.7% in the last 24 hours, DOGE is currently trading at $0.196.

Dogecoin, the largest memecoin, is down nearly 20% in the last seven days, making it the biggest loser among the top 10 cryptocurrencies. Furthermore, DOGE is trading 73% below its 2021 ATH of $0.73.

*This is not investment advice.

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