logo
Creators Gain ‘Freedom Wallet' via Rumble–MoonPay Alliance

Creators Gain ‘Freedom Wallet' via Rumble–MoonPay Alliance

Arabian Post14-07-2025
Rumble has unveiled its new 'Rumble Wallet' in collaboration with crypto‑payments specialist MoonPay, designed to empower content creators by enabling them to monetise and manage earnings with Bitcoin and other digital assets directly on the platform. The wallet, slated for launch in the third quarter of 2025, will feature seamless on‑ and off‑ramps for buying, selling and swapping cryptocurrency—a move aimed at reducing dependence on traditional banking systems.
Chris Pavlovski, Rumble's founder and chief executive, described the wallet as a milestone in creator autonomy: 'We're not just building tools – we're building freedom.' MoonPay CEO Ivan Soto‑Wright echoed that sentiment, stating the partnership bridges digital currency's financial liberty with Rumble's commitment to free expression. An extension of the deal sees MoonPay's creative agency, Otherlife, migrating to Rumble Cloud to leverage decentralised computing and storage.
This announcement follows Rumble's strategic deployment of Bitcoin in its own treasury. In March the company purchased 188 BTC for approximately $17.1 million—viewed as a hedge against fiat devaluation and emblematic of its broader crypto‑centric strategy. With Tether's USDT issuer having infused $775 million into the company, Rumble has signalled a full throttle entry into digital assets and Web3 ecosystems.
ADVERTISEMENT
Experts suggest the move addresses two long‑standing challenges for digital creators: financial friction and platform constraints. 'Creators often struggle with payment delays and high fees when dealing with traditional financial systems,' said a blockchain industry analyst. 'A native crypto wallet can dramatically reduce those frictions.' He added that integrating effective fiat‑crypto conversion via MoonPay should smooth adoption among creators unfamiliar with digital asset protocols.
MoonPay, founded in 2019 and valued at about $3.4 billion in 2022, offers licensed fiat‑on‑ramps globally, including card, Apple Pay, PayPal and Venmo options. The company's integration with Rumble aims to tap its existing infrastructure, trusted by more than 30 million users across 160 countries.
By embedding MoonPay's infrastructure, Rumble can offer creators turnkey access to crypto, a contrast to more cumbersome typical workflows that require redirecting to external exchanges. Rumble's upcoming wallet supports Bitcoin, other leading cryptocurrencies and potentially stablecoins—though an exact asset list remains pending confirmation.
Analysts note that the cloud integration with Otherlife could signal a broader alliance. 'This demonstrates how creators will not only be paid in crypto but may begin producing content within decentralised architectures,' said a Web3 researcher. The integration hints at deeper infrastructure endeavours that go beyond simple financial services.
Nevertheless, the initiative comes with potential regulatory and operational challenges. Embedding crypto payments entails navigating financial compliance, anti‑money‑laundering frameworks and jurisdictional licensing. MoonPay, regulated in multiple regions including the US, UK, EU, Canada and Australia, brings compliance safeguards, but regulatory divergence across markets may complicate global rollout.
Market watchers are also scrutinising user adoption: success depends on creators embracing and understanding crypto. 'Education and user experience will determine if this becomes mainstream or remains a niche feature,' commented a product strategist focused on creator platforms.
Financially, the partnership may create new revenue streams for both companies. Rumble could capture transaction fees and enhance its value proposition, attracting creators who prioritise payment sovereignty. MoonPay, servicing a known digital creator base, may consolidate its position as a backend provider for on‑platform crypto services.
Rumble's stock has responded positively to the announcement, maintaining interest from retail investors who view its crypto pivot and independence from traditional Big Tech as pivotal. However, volatility in crypto markets and evolving regulations could influence long‑term outcomes.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ras Al Khaimah Tourism sector hits record 654,000 visitors in H1 2025
Ras Al Khaimah Tourism sector hits record 654,000 visitors in H1 2025

Gulf Today

timea day ago

  • Gulf Today

Ras Al Khaimah Tourism sector hits record 654,000 visitors in H1 2025

Ras Al Khaimah Tourism Development Authority (RAKTDA) has reported record-breaking performance for the first half of 2025, with over 654,000 visitor arrivals, marking a 6 percent year-on-year increase, alongside a 9 percent rise in tourism revenues. Raki Phillips, CEO of RAKTDA, said the results reflect the strength of the emirate's tourism strategy, adding, 'From expanded air connectivity and hotel developments to a robust calendar of experiences, we are firmly on track to welcome over 3.5 million visitors annually by 2030, while delivering long-term, sustainable value.' Key achievements in H1 2025 included: 654,000 visitor arrivals—the highest ever for a six-month period; 9 percent year-on-year growth in tourism revenues; 36 percent increase in MICE and weddings revenues; Strong growth from markets with direct flights: Romania (+65 percent), Poland (+56 percent), Uzbekistan (+47 percent), Belarus (+30 percent); Record half-year arrivals from India (+25 percent), China (+9.2 percent), Russia (+7 percent) and the UK (+5 percent). RAKTDA also announced several high-profile hotel developments to support plans to double the number of hotel keys by 2030. These include Fairmont Al Marjan Island (250 keys), Four Seasons Resort at Mina Al Arab (150 keys), Taj Wellington Mews Al Marjan Island (336 apartments), and NH Collection Ras Al Khaimah (156 keys). The opening of Rove Al Marjan Island added further diversity to the emirate's hospitality landscape. The emirate's airport continued to drive connectivity with new direct routes from Warsaw, Katowice, Bucharest, Moscow, Tashkent and Prague. Plans to expand the airport's capacity and enhance the arrival experience are underway. RAKTDA also formalised strategic partnerships to support destination growth. These include agreements with Fujairah Adventures to develop inter-Emirate itineraries, and OTAs in China and the Kingdom of Saudi Arabia to boost inbound travel. In digital innovation, RAKTDA signed MoUs with Huawei and Web3 platform Open World to advance smart tourism and blockchain-powered visitor engagement. In events, the emirate hosted its largest-ever Ras Al Khaimah Half Marathon with more than 10,000 attendees, the 7th UAE Tour Jebel Jais stage, the 4th Ras Al Khaimah Championship on the DP World Tour, and the HIGHLANDER hiking adventure. The debut of the 25km Jais Ride cycling challenge further cemented Ras Al Khaimah's position as a regional hub for outdoor and sports tourism. WAM

Phoenix Group mined 689 Bitcoins in H1 2025
Phoenix Group mined 689 Bitcoins in H1 2025

Al Etihad

time2 days ago

  • Al Etihad

Phoenix Group mined 689 Bitcoins in H1 2025

31 July 2025 14:44 A. SREENIVASA REDDY (ABU DHABI)Phoenix Group, the UAE-based global cryptocurrency mining and infrastructure firm listed on Abu Dhabi Securities Exchange (ADX), mined a total of 689 Bitcoins during the first half of 2025. Of these, 336 Bitcoins were mined in the second quarter alone, with 214 attributed to self-mining company posted Q2 revenue of $29 million, while self-mining revenue surged to $41.7 million in the first half—up 219% compared to the same period in 2023, when it stood at $13 million. Phoenix continues to mine profitably, reporting a gross margin of 31% on self-mining and achieving a 14% reduction in energy costs, according to its financial statement released also announced the formal launch of its digital asset treasury strategy. The company's corporate reserves, valued at over $150 million, consist mainly of 514 Bitcoins and more than 630,000 Solana coins.'Phoenix has always been more than just a mining company. We're a conviction-led digital infrastructure group,' said Munaf Ali, CEO and Co-Founder of Phoenix Group. 'Holding Bitcoin and other strategic digital assets isn't just about exposure. It's about alignment. We believe in the long-term value these networks represent, and our treasury strategy reflects that belief.'When asked to elaborate, a company spokesperson told Aletihad: 'Our digital asset treasury is a strategic corporate initiative where Phoenix Group holds a portfolio of cryptocurrencies as part of our long-term balance sheet management.'Clarifying the purpose of the holdings, the spokesperson added: 'We mine and hold our own assets in the treasury, it's not a custody or banking service for third parties. The holdings—514 BTC and over 630,000 SOL—are Phoenix Group's corporate reserves, accumulated through our self-mining operations and strategic acquisitions. We do not hold or manage assets on behalf of others, nor do we offer withdrawal services. It is not a client-facing product.'On the valuation, the spokesperson noted: 'The $150 million+ figure is not a fixed target but the formalised starting point, with potential for further development as part of our growth strategy.'Explaining operational metrics, the company clarified: 'Self-mining refers to using our own hardware and infrastructure to mine Bitcoin directly for Phoenix Group's account, retaining all rewards. Non-self-mining includes our hosting services, where we provide data centre space, power, and maintenance for third-party miners' equipment.'The company also reported a non-cash loss of $29 million, attributed primarily to revaluation of digital assets and a one-time depreciation adjustment under revised accounting is now shifting focus toward expanding its Artificial Intelligence (AI) and High-Performance Computing (HPC) verticals. A feasibility study is underway to convert part of its US infrastructure into a multi-use compute facility. Simultaneously, the company is evaluating multiple international locations to accelerate its AI and HPC growth. 'We are building toward 1 gigawatt of hybrid infrastructure by 2027, and we see a clear path to get there,' said Ali.

Phoenix Group announces Q2 2025 results
Phoenix Group announces Q2 2025 results

Zawya

time3 days ago

  • Zawya

Phoenix Group announces Q2 2025 results

Abu Dhabi, UAE – Phoenix Group PLC (ADX: PHX), a pioneering global cryptocurrency, blockchain, and digital asset infrastructure company, today announced its Q2 2025 financial and operational results, including formalizing a digital asset treasury valued at over $150 million. Q2 2025 Highlights: Strategic Treasury Launch: Became the first-ever ADX-listed company to formalize a digital asset treasury, valued at over $150 million in Bitcoin and Solana. Operational Excellence: $29 million revenue; mined 336 BTC in Q2 with 31% self-mining gross margin and 14% energy cost reduction. Market Performance: Share price surged over 72% from April to June, with momentum continuing to produce 110% gains from the start of April to date. Future Growth Acceleration: Actively expanding its AI/HPC vertical to build 1 Gigawatt of hybrid infrastructure by 2027. Operationally, the company reported $29 million in revenue and mined a total of 336 BTC across its global operations in Q2, including 214 BTC attributed to self-mining. Across the first half of 2025, the Group has mined a cumulative total of 689 BTC. Self-mining Bitcoin revenue surged 219% over two years, rising from $13M in H1 2023 to $41.7M in H1 2025. The company continues to mine profitably, reporting a 31% gross margin on self-mining and a 14% reduction in energy costs, reinforcing its position as one of the most efficient Bitcoin miners globally. A sturdy balance sheet supports the company's market performance. Unlike debt-heavy rivals, Phoenix is almost debt-free at $16 million, enabling pursuits like its treasury and AI expansion. In a major strategic milestone, Phoenix announced the official rollout of its digital asset treasury strategy, making it the first ADX-listed company to do so. The Group's active treasury, valued at over $150 million, mainly consists of Bitcoin and Solana, with 514 BTC and more than 630,000 SOL held as part of its long-term reserve. 'Phoenix has always been more than just a mining company. We're a conviction-led digital infrastructure group,' said Munaf Ali, CEO and Co-Founder of Phoenix Group. 'Holding Bitcoin and other strategic digital assets isn't just about exposure. It's about alignment. We believe in the long-term value these networks represent, and our treasury strategy reflects that belief'. Additionally, the quarter saw Phoenix's share price rise by over 72% from April to June, placing it among the top five most traded and best-performing stocks on the Abu Dhabi Securities Exchange. The momentum has continued into Q3, with gains of 110% to date. The Company also reported a non-cash loss of $29 million, largely due to revaluations in its digital asset portfolio and a one-time depreciation adjustment under revised accounting standards. With recent price recoveries in key holdings such as Solana, Phoenix anticipates a partial rebound in asset valuations in Q3 and beyond. AI & HPC Outlook Looking ahead, Phoenix is accelerating the buildout of its AI and HPC vertical. A feasibility study is currently underway to repurpose part of its U.S. infrastructure into a dedicated multi-use compute facility. In parallel, the Company is actively evaluating several strategic locations globally to identify markets where infrastructure upgrades or redeployments could rapidly expand its AI and HPC footprint. 'We are building toward 1 gigawatt of hybrid infrastructure by 2027, and we see a clear path to get there,' added Ali. 'As we move forward, we see strategic opportunities to consolidate underutilized infrastructure globally. Many smaller operators are stuck with land and power they can't convert into meaningful compute. Phoenix's execution speed and platform model give us a distinct edge to acquire and upgrade these assets for AI ahead of the broader market'. As it enters its next phase of growth, Phoenix Group is focused on delivering capital-efficient expansion, scaling its AI/HPC infrastructure, and further developing its digital asset treasury, all while maintaining its leadership as the largest Bitcoin miner in the MENA region and a global leader in the industry. About Phoenix Group Phoenix Group is a multi-billion-dollar global technology leader headquartered in Abu Dhabi, UAE. As a top 10 Bitcoin miner globally, it drives digital asset adoption through innovation, sustainability, and excellence. It operates facilities in the UAE, U.S., Canada, Oman, and Ethiopia with over 500 megawatts capacity, and is the region's first crypto conglomerate listed on ADX, running MENA's largest mining farm. For media inquiries: Rose Perinchery media@

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store