As a seasoned researcher with a keen interest in the intersection of technology and finance, I find this development at Rumble intriguing. The potential for crypto tipping on video-sharing platforms is not new, but it’s always exciting to see a platform as prominent as Rumble jumping on board.
On Twitter, Rumble.com CEO Chris Pavlovski hinted at introducing a tipping system, enabling users to appreciate their preferred content creators with cryptocurrencies such as Bitcoin (BTC) and Tether (USDT) within the video-sharing service.
“Imagine you can easily tip your favorite creators with $BTC or $USDT directly on Rumble,” he said.
This feature has gained popularity on video platforms such as X since its introduction in 2021. Now, users can easily tip others using Bitcoin via the Lightning Network and services like Strike.
In much the same vein, Twitch, a widely used live-streaming service, dabbled with cryptocurrency tipping back in 2018. On this platform, streamers were enabled to receive tips in Bitcoin and Ethereum through external services such as BitPay and CoinPayments.
The idea isn’t bad since it’s eliminating the necessity for any of the usual means of payment, like credit cards or PayPal, which charges fees. It also allows creators to have more control over their income. Since crypto transactions are quick, creators will have less time to wait before getting paid.
Simultaneously, this announcement arrives mere days following Rumble’s disclosure that their board of directors has consented to a strategy incorporating Bitcoin into their financial ledgers. The firm intends to reserve as much as $20 million of their surplus funds for the acquisition of Bitcoin.
On November 25, Pavlovski emphasized the significance of Bitcoin in counteracting inflation and pointed out its advantages over traditional government currencies. He explained that unlike government-issued currencies, Bitcoin cannot be devalued by continuous money printing.
Similarly, other large corporations, such as MicroStrategy, have taken a similar step. Specifically, they’ve recently purchased an additional 5,262 Bitcoins at a cost of $561 million, which equates to approximately $106,662 per Bitcoin on average.
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2024-12-23 23:00