Breaking: Tether, Video Platform Rumble Launch Non-custodial Crypto Wallet

The wallet is built to facilitate crypto payments to Rumble's content creators from users on its video streaming platform.

Stablecoin company Tether and video platform Rumble released a non-custodial crypto wallet on Wednesday, allowing users to tip Rumble content creators in digital currencies.

The wallet will initially support Tether’s dollar-pegged stablecoin, USDt (USDT), Tether Gold (XAUt), a tokenized commodity product, and Bitcoin (BTC), 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.

Cointelegraph reached out to Rumble and Tether but had not received a response at time of publication.

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.

Related: ‘Like sats for Bitcoin,’ Tether creates tiny gold unit as onchain demand grows

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

Bitcoin, the world’s first cryptocurrency, was designed as a peer-to-peer electronic cash system, according to the Bitcoin whitepaper published by pseudonymous developer Satoshi Nakamoto.

Source: CoinTelegraph