- The CEOs of Tether and Rumble confirmed the upcoming release of the Rumble crypto wallet.
- The non-custodial wallet will only support Bitcoin, USDT, and XAUt upon launch.
- The crypto wallet incentivizes users and creators of the video-sharing platform by giving them flexibility in transferring, tipping, converting, and withdrawing funds.
Chris Pavlovski, CEO of Rumble, confirmed the upcoming release of their video streaming platform’s native cryptocurrency wallet. Although he didn’t provide a specific timeframe, he and Paolo Ardoino, CEO of Tether, teased their social media followers, saying, “Coming soon.”
People pressed the two for more information, but both remained mum on the matter to get the hype and suspense going. Going back to Pavlovski’s post in May, he stated that the Rumble wallet is slated for a third-quarter 2025 release.
So, if they could keep up with the schedule, the crypto wallet’s launch may be sometime between this month and September.
Rumble Wallet Features
According to Rumble, it partnered with Tether and MoonPay to create its new crypto wallet. So far, it has only confirmed support for crypto assets like Bitcoin (BTC), and Tether’s USDT and XAUt stablecoins. However, it hinted that it might expand its compatibility with other tokens after rollout.
Despite the limited options, Rumble Wallet’s supported crypto assets aim to offer flexibility for users. Tether’s stablecoins boost its global transaction capabilities with fast and cost-efficient transfers. It’s ideal for people who prefer digital assets that don’t suffer from high volatility.
Meanwhile, Bitcoin offers the same features, but with high short-term price fluctuations. Nevertheless, it’s tailored for individuals who want a better long-term value store.
MoonPay’s app will be integrated within the Rumble Wallet. Its user-friendly interface simplifies buying and selling digital assets, enabling even people with little or basic crypto knowledge to participate in the Rumble Wallet ecosystem.
The video-sharing platform clarified that its wallet is non-custodial, meaning users will be solely responsible for their private keys and assets. It explained that neither Rumble nor a third-party entity can access the wallet.
Users can access their wallet using Rumble Single Sign-On (SSO). For complete control and recovery, they can use their seed phrase. But then again, the company reminded them to store their wallet’s master keys safely because it’s the only way to restore their wallet if needed.
What It Does
Rumble highlighted that its video platform is all about “uncensored expression.” It believes one’s wallet should also embody the same level of freedom, so it decided to make its own.
The wallet enables the flow of funds directly between users. It bypasses the typical payment rails posed by intermediaries like banks.
Rumble said that the new wallet allows its creators to receive tips and earnings in crypto. The same feature lets them withdraw their earnings instantly.
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