Rumble Wallet RELEASED, Complete GAME CHANGER ft. Chris Pavlovski
Episode Stats
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189.30092
Summary
The Rumble wallet is live from Chris Pavlosky's office, and it's a paradigm-changer in the crypto space. It's a non-custodial, untouchable, crypto wallet that allows anybody to buy, hold, and tip creators with Bitcoin, Tether, and Tether Gold.
Transcript
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What is going on Patriots? This is Tate Brown here holding it down.
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We are live once again from the great Rumble Studios and it is fitting as we
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are a part of the Rumble lineup for today. We're taking you into the
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afternoon of the Rumble morning lineup and we have a fantastic show for you
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today. We're switching it up today. We're switching up our style. You know
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usually we go news into the interview but I figured you know what it's a new
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year. I think it's a new me. We should switch up the style and beyond just
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switching up from a digital interview. We brought in a live guest. So
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obviously if you've seen the news if you've been keeping an eye on Twitter
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you've seen the launch of the new Rumble wallet. It's really some exciting
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stuff. I've been poking around with it all day and it is a paradigm changer
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quite frankly. There's no question about it. So I was sitting back and I was
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like who should we bring on to talk about the Rumble wallet? Thankfully
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seeing as we are at Rumble Studios we ran a Maduro style raid up to Chris
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Pavlosky's office and we got him down here and we're going to sit him down and
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we're going to interview and he is joining us today. So Chris how's it
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going? Great thanks for having me. Glad to be here. Yeah dude this is exciting
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stuff. So I am kind of I'm kind of an idiot. There's no question about that.
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So I'm seeing Rumble wallet and it's really exciting stuff but can you explain
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to me specifically how this works like I'm five years old? Yeah so we this
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morning we announced that we went live with the Rumble wallet. We've been testing
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it for about a month well we've been testing it for many months but to the
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broader public about a month and the whole idea behind the Rumble wallet is
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basically to give you an uncancellable and untouchable basically wallet that
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that is completely yours and only yours. It is it's a crypto wallet that allows
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anybody to buy hold or tip creators with Bitcoin, Tether and Tether Gold. So it's
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it's the first of its kind I don't think there is a platform of our size there is
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no platform of our size that is allowing people to send crypto to creators in an
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ecosystem like that and it's so yeah it's a it's a first of its kind and it's what I
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I believe that it's here to change the creator economy completely. So you can
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now as a creator receive Bitcoin without any fees from the platforms you'll get
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fees from like you know the gas fees that Bitcoin has when you move Bitcoin
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there there's there's all these like tiny fees they're negligible but like if
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someone sends you one Bitcoin you're getting nearly one Bitcoin in your Rumble
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wallet so yeah without any interference from anybody and being that it's a
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non-custodial wallet I can't touch that at Rumble if you lose your password and
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you can't like I can't help you this is like your wallet your money I have no
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control I can't touch it yeah and I think that's like a that's a big thing at
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Rumble we've been about free speech with our Rumble video platform we've been
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protecting freedom of expression to the best ability that we can and now we want
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to broaden that ecosystem to be freedom across multiple buckets whether it's
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video and media allowing you to say whatever you want to say not telling you
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can what you can or cannot say whether it's cloud allowing you to build on top of
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something that's you that's not going to be canceled for arbitrary reasons like
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we saw with parlor and now it's the the Rumble wallet it's that it's digital
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freedom it's digital finance financial freedom you now have a wallet that I can't
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touch I can't go I can't go into I can't move your money freeze your money hold your
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money it's it's money that you know if someone wants to give you money they
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can give you money and I can't impede on that transaction it's completely on the
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blockchain and it's completely decentralized and it's something that is
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completely yours so I think we're building this massive broad ecosystem with
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tether you know those three buckets and we're gonna keep adding buckets of freedom
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whether it's AI and allowing you to control your AI and you know molding your AI the
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way you want to do and whether we get into browsers and all these other parts
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of the ecosystem that that's the future but we're we're building an entirely
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freedom-first ecosystem it's brilliant I mean the thing that jumps out to me is
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the no fees because like when I've dealt with crypto I mean you're getting rinsed
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and who knows where that's going yeah so there there's uh there's if you want to
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like buy crypto this is the there's gonna be fees if you're bringing it in from a
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credit card or a debit card if you want to buy crypto the the part that we're
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rumble when I say no fees it's the no fee from the user once they have their own
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crypto now you don't need maybe you don't need to buy crypto maybe you have a lot
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already and you're sending one Bitcoin to to Timcast or you're setting sending
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one Bitcoin to whoever it may be there's no there's only the the fees of the you
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know of of the gas fees the the fees that are associated to moving Bitcoin that
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we all see and we all we will hear about which are you know pennies if not
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pennies like less than pennies at times so it's uh it's revolutionary for the
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crater economy and it's real time yeah you don't have to wait for me to pay you
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out yeah like the someone in the chat can send you money and it will show up in
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your chat and it'll show up in your wallet in real time now Bitcoin takes a
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little longer it takes like 20 minutes I had to send some you know as a test I
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I sent some to the to this channel we already got someone in the chat just sent
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five dollars let's go as tether all right um so that's already you're already
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seeing it come in I had to say I sent Bitcoin when this started so about five
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minutes ago I sent some Bitcoin to to the Timcast channel and with Bitcoin
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because it's it's on the Bitcoin Bitcoin it takes a little bit longer you'll see
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it'll take about 10 to 20 minutes to verify and post if it's tether or tether
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gold I'll do it in real time while we're here it'll be like lightning fast so it's
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uh it's it's the first of its kind usually when you get a super chat on
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YouTube you got YouTube's gotta get the money verify it wait to pay you out send
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you a check you know every every 30 days or whatever the the payment whatever
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the payment terms are at the time so with with this it's instantaneous and it's in
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it the best part is it's multiple different currencies you have well
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multiple different crypto assets you have Bitcoin which you can receive tether
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which is tied to the US dollar and you have XAUT which is the uh gold uh stable coin
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wow that's I I think outside of Bitcoin in terms of stable coins my favorite is the
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XAUT Bitcoin obviously is what I hold most of but uh XAUT is really exciting and we can
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we can talk about what that is because I think that's a that's a game changer in
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itself that's stable coin yeah I mean this is exciting stuff I mean what's sort of
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your long-term vision for this project because I mean this just launched and it's
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already kind of a paradigm changer but you know what sort of gaps do you see this
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really filling what sort of needs you see this filling especially for you know
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Rumble viewers yeah so I see like big tech having complete control of everything
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they're biased they're censorious they have all this control um what we're trying
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to do at Rumble is do the opposite of that we don't want to be biased we don't
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want to have control on the creator or the user um we want we're definitely not going
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to be censorious so it's uh we want to give the power back to the user and back to the
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creator we want to step away from what you should own and what should be yours your own
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content your own speech your own finance and we just want to be the utility that runs
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underneath that we want to be the resources we want to be the cloud for you we want to
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be the platform for you we want to be the apps for you we want to be all the utilities
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and we think that's enough that that that's a good business in itself we think a freedom
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first business across all points of the ecosystem is better than a controlled style business that
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that Google has or you know the large tech companies have um we think that as we move in
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the future 10 years from now that that's going to be something that's going to be desired by
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most of the world yeah and we're already seeing that Rumble's big because of that so like
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we're already seeing that people want you know to be able to say what they want to say
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right they don't want someone coming in and telling them what they can or cannot say
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yeah so um yeah I that's where we're going um I think we're getting some some some rants
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coming in and some tips coming in from the wallet I'm gonna take a look I'm gonna I think
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it'd be cool to send one on the fly here so yeah see the versatility yeah I love it I mean
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yeah because that's the thing with the big tech I mean this this is a conversation that's been
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been had for years but it really is disturbing how we're used to the fact that these big tech
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companies who are sort of arbiters for the public conversation in many ways are quite open that
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they have an agenda and it's an agenda that's completely out of step probably more than just
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half the country I would say the majority of the country has an appetite for freedom I mean
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that's like a very low bar and uh you know we've been hearing about it for so many years now
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where I think some people are kind of used to the fact that we have these massive massive billion
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dollar corporations that quite literally openly have an agenda and it's just something that's
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it's something that like people need to like wrap their head around it's like we don't have to live
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this way this is optional like you don't need to participate in this racket quite frankly and that
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that's what so like why rumbles obviously you know tapped the nerve but it's just kind of oxygen in a
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way where they're there you guys aren't interested in like meddling in people's business you just want
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to provide them a platform like it's a very kind of you know it's a very simple uh presentation but
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it's it's so offensive to this again this big tech consensus which is no we're going to steer the
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conversation in the correct direction because we have this overarching agenda so to speak um but
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that's what's so exciting out now with the wallets I mean there's obviously a huge huge gap I mean for
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this I mean the appetite's going to be insane I mean we're already seeing it we're already seeing
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people mixing it up in chat um you had mentioned the the gold backed uh crypto what is sort of the
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relationship between bitcoin and gold because I'm obviously a bit more familiar with sort of silver and
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gold and we've seen the prices on the rise what is the relationship between that and bitcoins
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because for a lot of people bitcoin is this invisible thing it's quite you know anxiety inducing to some
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regard because you can't hold it and it's not necessarily something you can just evaluate with your
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with your eyes and hands yeah no I I just actually sent uh while you're speaking right now I sent XAUT
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to the Tim Cass channel um so XAUT it's about a hundred dollars worth of XAUT is what I just sent
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and uh as you can see it says $99 at the top and 99 cents that's most likely because gold went down in
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price a little bit this will you're now holding a gold backed stable coin in your rumble wallet
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so I just sent you a hundred dollars worth of gold now if gold goes down in price it's going to go
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lower it's going to go higher if it goes higher in price and that's now in your wallet in real time
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as we've been chatting here on on stream so what's really awesome about this this stable coin is that
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I love this because like you know up until now I've been holding a lot of gold in the GLD ETFs I've
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been holding a lot of gold in those my stock accounts but there's a 40 basis uh 40 basis point
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management fee for for these ETFs or you know 30 basis points depending on which ETF you're holding
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on uh one of the whatever that gold ETF is and uh you're losing 40 basis points every year for a
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management fee for them holding gold gold with XAUT not only is there no annual management fee for when
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you buy gold there's at times you you get the price lower than spot sometimes you get a higher in the
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spot most time you're getting at spot and sometimes lower but there is no annual management fee on XAUT
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at all in like that means over 10 years you're losing like 4% of your holdings to a management
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fee on the GLD where with XAUT you once you buy it it's yours it moves with spot all day long and
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even better you can take your XAUT token and redeem it for physical gold in the Switzerland in a vault
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it's in Switzerland so like you could actually you're actually buying real gold like yeah there's
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all these theories of the GLD and all these other ETFs I don't I I don't I haven't I don't know I've
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never seen their their vaults or their safes but you can go and see your gold you can get your gold
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in a safe in Switzerland with your XAUT it is real every XAUT is representative it has it's
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representative gold as it's backing in a vault in Switzerland and to me that's like that's like
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owning physical gold basically but it's digital gold but you know it's backed it's backed one-to-one
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to to uh physical gold and for me that's that's far better than any ETF out there that's charging a 40
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basis management fee 40 basis point management fee yeah I love that with crypto I mean maybe to get
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more into the you know political philosophical side so to speak what do you think is driving
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so much interest and demand for crypto and in addition to that maybe a second part of the
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question um how do you see rumble specifically kind of channeling this whatever this motivation is like
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the massive interest in crypto what about crypto makes it a game changer I guess would be the question
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um and then beyond that like where does rumble come in specifically as as we progress forward
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yeah and I think we started seeing that this morning so that the CEO of tether was uh you know
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rating some streams and sending money to to some gamers and some random streamers on the internet
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on rumble and a lot of these people didn't even really understand what was tether what is USDT what
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did they what did they just received is that dollars what what is that so rumble is broadening
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the audience of crypto today as we've launched this it is broadening the the creators are starting
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to learn that you know never were crypto enthusiasts probably never had a crypto wallet yeah and now
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they have a crypto wallet and now they're receiving income through crypto on their streams they are
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learning very quickly a whole new cohort of an audience uh is learning very quickly what crypto is
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what usdt is what xaut is what bitcoin is um and and that's that's what rumble's doing rumble's taking
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it to the masses to a to a segment of audience that has never really seen this before and we're starting
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to see that today alone and I think that's that's really exciting because like crypto has been very
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confined to like an enthusiast crowd it's been it there there's a real loyal crypto enthusiast crowd
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out there it's been growing but it's been growing slowly I think with rumble we can really mainstream
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this to a whole different world yeah uh people that are interested in politics people that are
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interested in gaming people that have never really explored the crypto universe are going to get a
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taste of it for the very first time on rumble not only is the creator receiving something and saying
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on stream earlier this morning what is that what is what is that what did I just get um and then
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figuring it out on the fly as people in the chat are helping them but they have thousands of viewers
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that are seeing that too and learning with that creator what what that was yeah that that's a
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stable coin that's called tether it's backed by by the us dollar that's bitcoin you know that's
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tether gold because I saw the first one come in I was like is that a wi-fi password like what is it
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yeah it's just it's the logo of tether and it's uh it's usdt which is one to one to the it's uh it's
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to the us dollars so like for five five usdt is equal to five us dollars yeah so you know I think
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the world will will get there I think rumble will be the lead in letting the world know and uh uh I'm
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I'm I'm just so excited to be a part of that and be the very first large platform to be doing
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something like this well and it's super intuitive because I mean again for guys like me we're kind of
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simple simpletons in a lot of ways and the thing with cryptos it's been so much to digest like okay
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I understand the importance of it I understand its role I understand why in many ways it's the future
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but I tried to participate and beyond like you know the big houses who take these massive cuts
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off when you try to you know purchase them it's just like you're drinking from a fire hose and what
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makes rumble wallet so refreshing like I set my account up in literally like 90 seconds like it was
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very simple yeah rumble login yeah and uh it's super intuitive I mean it's very very easy to
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kind of comprehend and digest and like you said when there are these moving parts these different
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coins coming in or or whatever you can actually sort of tan it's tangible what the value of it is
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quite quickly and it's so refreshing no it it is it's uh you know for me this has been a a giant
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learning experience in the last day I've been in crypto for a very long time I think I lost a
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computer with crypto from probably like a decade ago that's obviously no fun but uh you know
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building this wallet alongside tether and tether being the largest stable coin in the world the
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largest crypto company in the world and the most probably one of the most one of the most profitable
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private companies in the world um it's been a huge learning experience like building this out and
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getting this out to the masses and it's been super fun and uh you know I'm just really excited to
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like broaden this ecosystem I've been such a proponent of bitcoin yeah prior to the 2024 elections
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it was rumble you know didn't really do anything in in the crypto space and then after post uh 2024
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elections when uh president trump won we stepped on the gas we launched a treasury strategy at rumble we now
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rumble even holds bitcoin and its treasury um and now we're you know not only are we holding bitcoin
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but we're creating and broadening um this ecosystem this ecosystem by by building the wallet and
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introducing it to creators introducing it to millions of users that have never touched crypto before so
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I think this is the first step and what we'll see is uh crypto kind of taking over bitcoin kind of
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taking over the world I I'm I really do believe that the banking systems are so archaic um not only do
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they do crazy stuff like the trucker protesters and shut down their accounts but like what you cannot do
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with the rumble wallet no government no rumble no nobody can shut down your wallet yeah um but like
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it's just so much better I can send a thousand dollars or a hundred dollars to you instantaneously
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with the lowest amount of fees out there these banks are charging fees it's crazy the world how
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the world is set up if you want to send like a remittance over to like Africa they're charging like
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15 20 fees to the poorest countries in the world they're taking the most money from the poorest people
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and if you want to send uh you know to someone in America the fees are a little bit lower there's
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more competitiveness but with like tether or tether gold it's instantaneous it's the lowest fees you'll
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ever see out there it's just it's such a better system it's like why how do the banks even compete
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against something so so efficient and so good so I'm I'm a big believer that this whole world is going
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to change um and and bitcoin is the way it will it will lead the way bitcoin and stable coins will
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lead the way of changing finance forever and rumble wants to be a part of that yeah we we want to
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introduce that to the masses and be the first mover in that yeah it's it's so exciting and yeah
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everything's on the move right now that people are looking for sort of more they want they want more
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out of this world and I I totally agree I mean I think this I'm excited I'm going to be letting some
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tips fly this uh this afternoon so I'm looking forward to it but I know you have a heart out here so
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Chris I just want to thank you so much for hopping on and explaining to me specifically I was just
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curious yeah no no problem super super exciting stuff where can people find you and where can
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people uh learn more about rumble wallet yeah so you can download the rumble wallet on uh the app
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store the android store and you can uh find me on uh on x at chris pavlovsky and on true social at
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chris so love it awesome well thank you so much man we'll catch you uh thank you thank you for having