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Rumble to Launch Bitcoin Wallet in Q3, Gears Up to Challenge Coinbase
By: cryptosheadlines|2025/05/09 22:01:10
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Rumble, the video-sharing platform that has emerged as a popular alternative to YouTube, is preparing to make a major splash in the crypto space. In a May 9 post on X, the company’s outspoken pro-crypto founder and CEO Chris Pavlovski confirmed that Rumble will launch its own Bitcoin and stablecoin wallet in the third quarter of 2025. The new product, simply dubbed the Rumble Wallet, is designed to rival Coinbase Wallet and will focus on non-custodial access and creator monetization.Pavlovski emphasized that the wallet will be launched in collaboration with Tether, the issuer behind the widely-used USDT stablecoin. “Our goal is to become the most prominent non-custodial Bitcoin and stablecoin wallet, powering the creator economy,” he wrote. He also hinted that the wallet may include support for Tether Gold (XAUT), though further technical details remain under wraps.A Bold Step by RumbleThis move aligns with Rumble’s broader ambition to help content creators monetize their work more directly and efficiently, especially in international markets where advertising dollars are less accessible. The firm’s pivot into crypto began taking shape in March, when it first announced a partnership with Tether. Notably, Tether also invested $775 million in Rumble back in December 2024, signaling deep strategic alignment between the two companies.The crypto wallet arena is highly competitive, dominated by giants like Coinbase, MetaMask, Robinhood, and Crypto.com. Yet, Pavlovski seems undeterred. With mobile wallet usage hitting a record 36 million users in Q4 2024, and Coinbase alone boasting over 100 million users last year, Rumble has a steep hill to climb. Still, with a focused value proposition—supporting content creators through non-custodial crypto infrastructure—Rumble Wallet could carve out a niche of its own.Strong Q1 Earnings Suggest Momentum Is BuildingIn addition to wallet development, Rumble is positioning itself as a Bitcoin acquisition company, echoing the playbook of MicroStrategy. It made its first BTC purchase in March and now holds 210 BTC, worth roughly $22 million at current prices.Rumble’s financial performance in Q1 2025 lends credibility to its crypto ambitions. The firm reported $23.7 million in revenue—up 34% year-over-year—and beat analyst estimates by nearly 3%. Although it posted a net loss of $2.7 million, this marks a dramatic improvement from its $43 million loss in Q1 2024. Monthly active users declined to 59 million from 68 million in Q4, but rising subscription revenue helped cushion the dip.Source link
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