Rumble Launches Crypto Wallet With Tether Allowing Direct Creator Payments in Bitcoin and Crypto
Rumble launched the non-custodial Rumble Wallet with Tether to enable direct creator payments in Bitcoin and USDT.Summary
Rumble announced the launch of Rumble Wallet, a new digital wallet developed in partnership with Tether, allowing users and creators to send, receive, and store cryptocurrency directly on the video platform without traditional banking intermediaries. The wallet supports peer-to-peer payments using Bitcoin, Tether's USDT stablecoin, and Tether Gold (XAUt), aiming to reduce fees and mitigate risks like account freezes or deplatforming.
Rumble CEO Chris Pavlovski stated the wallet aligns with the company's free-speech mission, emphasizing it is non-custodial, meaning users retain control of their assets, directly competing with services like Coinbase and Venmo. The wallet is built using Tether’s Wallet Development Kit, and MoonPay will power the crypto on- and off-ramps for converting between digital assets and fiat methods like credit cards and PayPal.
Tether, which holds nearly 48% of Rumble's shares, views the collaboration as promoting decentralization and free expression. The announcement spurred a 3% rise in Rumble's shares, reflecting investor confidence in its expanding crypto monetization strategy.
(Source：Bitcoin Magazine)