Rumble and Tether launch digital wallet for crypto payments to creators

First on Fox: Tether on Wednesday announced the launch of a new digital wallet system that allows users and creators to send, receive and store cryptocurrencies directly on the platform without using a bank or third-party payment service, Rumble said.

Dubbed “Rumble Wallet,” the technology will allow content creators to get paid directly from viewers using digital money, rather than relying on traditional financial institutions.

This may reduce fees and reduce the risk of payment restrictions or account closure.

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The company said financial independence is closely linked to its broader mission of protecting freedom of expression online.

“Rumble represents freedom of expression and freedom in the same way that cryptocurrency and the decentralized internet represent freedom, and Rumble Wallet is the natural combination of those things,” said Chris Pavlovsky, founder and CEO of Rumble.

“We are putting more power in the hands of users and creators so they can interact with the content they love and support it financially,” he added.

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Tether CEO Paolo Ardoino said the wallet aligns with the company’s focus on decentralization and user control, calling it a product that could give tens of millions of users greater autonomy than existing platforms provide.

Tether CEO Paolo Ardoino said he was proud to continue collaborating with Rumble and “continue to push the envelope to spread freedom and independence to every corner of the internet.” (Michael Nagel/Bloomberg/Getty Images)

MoonPay, which will run cryptocurrencies on and off Rumble Wallet, said the partnership will make it easier for users to move between digital assets and traditional payment methods, including credit cards, Apple Pay, PayPal and Venmo.

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“Peer-to-peer payments powered by cryptocurrencies are the future of the internet economy,” said Ivan Soto-Wright, CEO of MoonPay.

“Rumble is one of the first major platforms to embrace this model, giving creators the ability to instantly get paid in stablecoins or bitcoin and easily move in and out of fiat currencies,” he added.