Rumble, a video sharing platform known for supporting alternative media voices, is developing a crypto wallet that can be launched by the third quarter of this year.
On May 9th, Rumble CEO Chris Pavlovski said the wallet will serve as a non-obligatory tool tailored for creators. He highlighted the company’s ambition to become a central player in Bitcoin and Stubcoin Storage, whilst monetizing creators.
According to Pavlovski, the new product is built in collaboration with Stablecoin publisher Tether, and aims to rival major platforms like Coinbase.
He said:
“Rumble Wallet works with Tether to compete directly with Coinbase. Our goal is to become the most prominent unlawful Bitcoin and Stubcoin wallet, powering the creator economy.”
According to available information, Rumble wallets will focus on peer-to-peer crypto transactions, allowing fans to support content creators through direct payments such as tips, subscriptions and other revenue streams.
Early versions of Rumble Wallet support Bitcoin and USDT, and Pavlovsky suggests that the wallet could also include support for Tether Gold (XAUT) in the future.
Rumble’s Crypto Embrace
Meanwhile, the initiative follows Rumble’s growing presence in the digital assets space. Earlier this year, the company disclosed its first Bitcoin acquisition.
Although the purchase amount was not disclosed, Pavlovski suggested it marks the beginning of a long-term crypto investment strategy.
In January, Rumble secured a $775 million investment from Tether. The deal includes the acquisition of over 103 million Class A stock, which gave Tether a meaningful influence within the platform’s operations.
Despite these moves, Rumble’s inventory still does not reflect the optimism surrounding its crypto pivot. Over the past 24 hours, rum stocks have grown just 2.4% to $7.78, while wider photos show a decline of more than 40% since the start of the year.
Still, with crypto wallets deployed on the horizon, Rumble has placed a big bet on the blockchain, reshaping creators’ acquisition and dialogue with viewers.