Key Takeaways
- Rumble CEO suggests Bitcoin tipping for creators.
- Tether's $775M investment sparked a 76% stock surge.
- Rumble plans to allocate $20M of reserves to Bitcoin.
Chris Pavlovski, CEO of YouTube rival Rumble, has hinted at a potential Bitcoin tipping feature for content creators.
This follows a $775 million partnership with Tether, the issuer of the largest stablecoin, USDT.
In a tweet, Pavlovski proposed the idea of users tipping creators directly with Bitcoin or USDT.
He stated:
Imagine you can tip your favorite creators with USDT or BTC directly on Rumble.
The feature would align with the platform’s goal of decentralization and empowering creators.
Tether investment
This suggestion comes as Tether recently purchased 103.3 million shares of Rumble at $7.50 each, acquiring a minority stake worth $775 million.
The announcement led to a 76% surge in Rumble’s stock.
The funding aims to bolster Rumble’s financials, support its growth initiatives, and enable a share buyback of up to 70 million shares.
Tether CEO Paolo Ardoino expressed enthusiasm for the partnership, emphasizing shared values of decentralization and potential advancements in crypto payments and cloud services.
Crypto adoption
If introduced, Bitcoin tipping would place Rumble alongside other platforms like X (formerly Twitter) and Twitch, which have embraced cryptocurrency for tipping.
These systems allow creators to avoid traditional payment fees, providing a more cost-effective solution.
Additionally, Rumble recently allocated up to $20 million of its reserves into Bitcoin, signaling its broader adoption of the currency.
This echoes companies like MicroStrategy, which recently added 5,262 BTC to its holdings, bringing its total to over 444,262 BTC.
