tl;dr
Rumble, known for supporting alternative media, is launching a non-custodial crypto wallet by Q3, developed in partnership with stablecoin issuer Tether. The wallet will focus on Bitcoin and USDT, facilitating peer-to-peer transactions to help content creators monetize through tips, subscriptions, a...
Rumble, a video-sharing platform known for supporting alternative media, plans to launch a non-custodial Bitcoin and stablecoin wallet by Q3 2024. Developed in partnership with stablecoin issuer Tether, the wallet will emphasize peer-to-peer transactions to empower content creators to monetize their work through tips, subscriptions, and other income streams.
This new wallet aims to compete directly with established platforms like Coinbase by focusing on Bitcoin and USDT, with potential future support for Tether Gold (XAUT). Rumble's CEO Chris Pavlovski has expressed ambitions for the platform to become a leading non-custodial wallet provider dedicated to the creator economy.
Rumble's move into the crypto space follows its initial Bitcoin acquisition earlier this year and a significant $775 million investment from Tether, which included acquiring over 103 million Class A shares, granting Tether substantial influence within Rumble.
Despite these strategic developments, Rumble's stock (RUM) has experienced moderate gains recently but remains down over 40% since the start of the year. Nonetheless, the company’s focus on blockchain technology signals a strong commitment to reshaping creator monetization through crypto tools.