Cryptocurrency has gained massive popularity this last year. Bitcoin, arguably most popular form of cryptocurrency, jumped from being valued at about $1000 at the start of the year to somewhere around $16,800 today. With crypto fever hitting the nation, Rumble — a full-service video platform that connects creators to publishers and advertisers — is giving its influencers the opportunity to get in on the action.
Today, the company announced that it is joining the ranks of Overstock.com and Craigslist in unrolling Bitcoin and Ethereum (another cryptocurrency) payment to its user base. The announcement gives the more than 75,000 video creators on Rumble greater flexibility in selecting payout methods, and has established the video platform as among the first to offer direct payment in cryptocurrencies.
“We are giving people an easier way to earn cryptocurrencies than the typical and complicated mining setups. With Rumble’s new offering, users can create video on their phones, manage it on Rumble, and start earning their favorite cryptocurrency,” said Chris Pavlovski, founder and chief executive officer of Rumble. “We view blockchain technology and cryptocurrencies as the future of online payments, and we are excited to give our creators another way to make revenue from the videos they upload to our platform.”
Bitcoin and Ethereum payment methods will be introduced to users starting in January 2018. Rumble has plans to support other cryptocurrencies in the future.