Mullen Automotive Now Accepts Bitcoin and TRUMP Coin
- Mullen Automotive starts accepting Bitcoin and TRUMP meme coin.
- Initiative aims to broaden audience reach at consumer and commercial levels.
- Company’s stock sees a modest 2.07% increase pre-market after the announcement.
The US-based electric vehicle manufacturer Mullen Automotive has begun accepting Bitcoin and TRUMP meme coin for its vehicles. This initiative, led by CEO David Michery, was announced through an official press release.
“The increasing acceptance of cryptocurrency as a form of payment expands Mullen’s ability to deliver its product to a broader audience at the commercial and consumer levels.” – David Michery, CEO and Chairman, Mullen Automotive
David Michery, the company’s Chairman and CEO, emphasized the need for broader audience expansion. The accepted models include Mullen ONE, Mullen THREE, and Bollinger B4. Cryptocurrency payments are part of enhancing market accessibility.
The initiative led to a modest stock increase of 2.07% in pre-market. However, Bitcoin and TRUMP meme coin prices remained stable. Previous moves, like Tesla’s, saw brief market impacts but no sustained price change.
Although no significant global financial impact was observed, it might signal a shift in how companies approach payment diversification. Cryptocurrencies acceptance by automakers is rare, reflecting neutrality in market moves.
Potential outcomes include broader acceptance of various digital currencies by Mullen. Regulatory environments in states like California show support for crypto transactions, potentially influencing future decisions by other manufacturers.
