Rumble, an important video-sharing site, revealed its plans to launch a cryptocurrency wallet to improve payments between content creators and users.
The platform’s CEO, Chris Pavlovski, announced the project on Jan. 23, stating that the new “Rumble Wallet”The payment process will be simple for the creators.
The statement was made by:
“Rumble Wallet is coming — confirmed. This is a massive internal project which creates a new way for creators to transact.”
The wallet, according to Mr. Ayala, will be compatible with Bitcoin (BTC), as well as Tether USDT. This means that users can pay directly for subscriptions and tips in crypto.
Pavlovski noted that Rumble’s digital payment solution for creators is unique. It sets it apart from similar platforms. The wallet is a small step towards building up a “new financial highway” that empowers creators and strengthens the platform’s ecosystem.
This move reflects the platform’s focus on integrating blockchain technology to unlock new opportunities for its community. Tether’s CEO, Paolo Ardoino, praised the initiative, predicting that the wallet could quickly gain traction due to Rumble’s extensive user base of nearly 100 million monthly active participants.
Extending crypto strategy
The Rumble Wallet is part of a larger strategy to incorporate digital assets into the company’s operations.
Rumble recently completed its first Bitcoin purchase, signaling its commitment to adopt crypto as an important part of its financial system.
Although Pavlovski did not disclose the exact size of the Bitcoin purchase, he hinted at additional investments, aligning with Rumble’s plan to allocate up to $20 million to Bitcoin acquisitions. The Bitcoin purchase was a way to mitigate inflation risks and eliminate the risk of excessive printing.
Rumble secured $775 million in investment recently from Tether. Tether acquired a significant financial stake by purchasing over 103 millions Class A Shares.
Rumble’s embrace of crypto appears to be yielding positive results. The platform’s stock price has grown remarkably, doubling in value over the last six months. Google Finance reports that the platform’s shares were trading at $12, up 2% during pre-market.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
