The Trumps really are launching a smartphone. But many of their promises about the American-made T1 phone are impossible.

Mark Cuban suspects the Trump phone will feature a crypto wallet to cash in on $Trump and stablecoin fees linked to the family's crypto assets.

Lately, there have been murmurs about the Trump Organization wanting to enter the mobile phone market. Recently spotted trademarks suggested the organization was looking to launch both a phone and a mobile service. Those murmurs have now turned into a full-blown announcement as the group unveiled its new mobile venture.