Stablecoin company Tether and video platform Rumble released a non-custodial crypto wallet on Wednesday, enabling users to tip Rumble content creators in digital currencies. The wallet will initially support Tether’s USDt, Tether Gold (XAUt), a tokenized commodity product, and Bitcoin, according to an announcement from Rumble. MoonPay will provide fiat currency on- and off-ramps for Rumble Wallet users, enabling them to cash out crypto into local currencies. Tether and Rumble initially slated the wallet rollout for December, once code and user experience bugs were hammered out.
The integration of crypto tipping on Rumble promotes the use of crypto as a medium of exchange rather than market speculation or store-of-value use cases, which have come to dominate Bitcoin (BTC) and cryptos in general. “Peer-to-peer payments powered by crypto are the future of the internet economy,” said Ivan Soto-Wright, CEO of crypto payments company MoonPay.
Tether and video platform Rumble have released a non-custodial crypto wallet that enables creators on Rumble to receive tips in digital currencies. At launch, the wallet supports USDt, Tether Gold (XAUt), and Bitcoin, per Rumble’s announcement. MoonPay will provide fiat on- and off-ramps for Rumble Wallet users, enabling cash-outs into local currencies. The rollout was initially slated for December after code and user-experience bugs are hammered out, with the aim of promoting crypto as a more practical medium of exchange rather than solely a store of value.
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