PDX Global, a digital payments technology developer for the crypto economy, today announced that PDX Beam—its proprietary crypto-to-cash payments platform for consumers and merchants—now hosts and supports OFFICIAL TRUMP, the $TRUMP token.
It is one of the crypto tokens on the Beam platform that can be used for merchant payments and is instantly convertible to cash.
The addition of $TRUMP to the list of PDX Beam-hosted cryptocurrencies enables holders to purchase everyday goods and services from brick-and-mortar or online merchants. The gateway integrates with any point-of-sale system for a near-instant and seamless crypto-to-cash conversion at a fraction of the cost charged by VISA and Mastercard, with no crypto exposure or risk whatsoever for merchants. Integration costs the merchant nothing, does not require any additional equipment, and does not disrupt other supported payment rails.
"There are more than 642,000 $TRUMP token holders whom merchants would like to serve," said Shane Rodgers, CEO, PDX Global. "Token owners themselves can now use their holdings to purchase real-world goods and services rather than simply hanging on to these assets as a speculative investment. PDX Beam enables them to pay for goods and services with their tokens using their PDX Beam app—and no cards required."
The OFFICIAL TRUMP ($TRUMP) crypto token has been an extremely popular meme coin. It was launched on the Solana blockchain January 17, just days ahead of President Trump's inauguration. Two hundred million of the one billion total tokens were publicly released in a sale. The tokens were quickly snapped up and continue to be popular with many crypto investors.
The PDX Beam platform is easily integrated into existing POS terminals at no cost to the merchant. Once set up, the merchant generates a QR code that is scanned by the customer's phone from their crypto wallet. Settlement of the funds into the merchant account in local fiat currency typically takes as little as 15 seconds.
"Using PDX Beam as a payment option sidesteps the antiquated MC/VISA card system that requires merchants to pay, in some cases, as much as 7% in interchange fees, and wait anywhere from two to eight days for settlement," said Rodgers. "And merchants never see or touch the crypto, so there is zero exposure and zero risk—the conversion happens internally within PDX, with local fiat currency settling directly and immediately into the merchant's bank account."
"This integration with $TRUMP gives, for the first time, true utility to the hundreds of thousands of token holders who want to find a way to turn their investment into a medium of exchange," Rodgers continued.
PDX Beam is currently running an exhaustive beta test program with merchants and vendors across a wide range of verticals, across the United States.