Today is a very important day for those of us who follow online content creation or the digital world. Especially for those who believe in ‘free speech’ or freedom of speech, Rumble has opened a new horizon. Recently, I noticed that Rumble has brought a big update to their platform, and that is— Rumble Wallet.
Simply put, video sharing platform Rumble and stablecoin giant Tether have launched a new digital wallet together. But why is it so special? Let’s go a little deeper and try to understand the matter.
Until now, creators had to rely on banks or payment processors (like PayPal or Stripe) for their income. The problem is, these media often freeze accounts or charge additional fees. Rumble has hit exactly this spot. With their new wallet, viewers can now tip or pay their favourite creators directly with Bitcoin, Tether (USDT) or Tether Gold (XAUt). There will be no banks or middlemen in between.
'Non-custodial' means complete control
When I did some more research on this, the thing that caught my attention the most was that this wallet is completely 'Non-custodial'. There is a saying in the crypto world - "Not your keys, not your coin. In other words, as Rumble CEO Chris Pavlovski himself said, they will compete with services like Coinbase or Venmo, but they will not hold user money in their hands. You will have complete control over your money. Rumble cannot close your account or freeze your money, even if they want to. That's what true financial freedom is!
My research has shown that this entire system is built on Tether's cutting-edge 'Wallet Development Kit'. And so that users can easily buy or cash out crypto using credit cards or Apple Pay, they have added MoonPay. In other words, converting from ordinary money (Fiat) to crypto is now as easy as water.
Rumble has been trying to establish itself as an alternative to 'Big Tech' and a platform for freedom of speech for a long time. According to the CEO of Rumble, just as Rumble gives freedom of speech, Bitcoin or cryptocurrency gives people economic freedom. This wallet was born to unite these two philosophies.
Moreover, let me tell you— the relationship between these two companies is also quite deep financially. Tether owns about 48% of Rumble's shares. So this partnership is actually quite a natural and strong step. Immediately after this announcement, Rumble's share price also increased by 3% in the stock market, which is a testament to the confidence of investors.
Personally, I think this payment system can be a game-changer not only for Rumble but for the entire internet economy. Creators will no longer have to worry about someone blocking their income. If you are a content creator or are interested in crypto, then you should definitely keep an eye on this move by Rumble.
It remains to be seen how much this wallet changes our online transaction experience in the coming days!
