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Rumble and Tether Launch Noncustodial Wallet to Enhance Creator Freedom

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by Zainab Kamara

2 hours ago

Rumble and Tether have joined forces to launch the Rumble Wallet, a noncustodial cryptocurrency wallet aimed at empowering creators and promoting free speech. This collaboration, spearheaded by Rumble CEO Chris Pavlovski and Tether CTO Paolo Ardoino, seeks to provide users with greater financial autonomy while challenging the influence of major tech companies. The publication demonstrates positive momentum in the developments.

Rumble Wallet Expands Cryptocurrency Support

The Rumble Wallet will support transactions in

  • Bitcoin
  • Tether USD
  • Tether Gold
, thereby broadening the cryptocurrency options available to Rumble users. This initiative comes at a time when many creators are looking for secure ways to monetize their content without the constraints imposed by traditional platforms. Following the announcement, Rumble's stock experienced a 3% uptick, indicating strong investor confidence in the potential of this new wallet.

Tether's Investment and Its Implications

Tether's substantial investment of $775 million, which includes $250 million in cash, highlights its dedication to bolstering Rumble's platform and enhancing its financial prospects. Industry experts suggest that this partnership could significantly alter the landscape for content creators, providing them with new avenues for revenue generation while navigating the ongoing challenges of censorship in the digital space.

Tether has recently enhanced its compliance efforts by collaborating with U.S. authorities to address illicit financial activities in the Venezuelan oil sector. This initiative contrasts with Rumble's launch of the Rumble Wallet, which aims to empower creators. For more details, see read more.

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