Rumble bets on Bitcoin with new creator payment wallet
Summary
Ad Rumble plans to launch a crypto wallet called "Rumble Wallet" to facilitate payments between users and content creators. The wallet will support Bitcoin (BTC) and Tether (USDT), enabling subscriptions and tips in cryptocurrency. CEO Chris Pavlovski emphasized that this initiative distinguishes Rumble from competitors and aims to create a "new financial highway" for creators. The wallet is part of a broader strategy to integrate digital assets, including a recent Bitcoin acquisition and plans to invest up to $20 million in Bitcoin. Rumble secured a $775 million investment from Tether, acquiring over 103 million Class A shares. The platform's stock has doubled in value over the past six months, currently trading at $13.
