Today, the video platform Rumble announced that it has taken a stake in Parallel Economy, a transformative payment processing company. Rumble’s investment in Parallel Economy furthers the company’s mission to build the rails and independent infrastructure for a digital economy immune from cancel culture.
Founded in 2021, Parallel Economy is creating a financial ecosystem where creators can participate in the marketplace of ideas. Parallel Economy was started by Dan Bongino, the host of a nationally syndicated radio show and cable television news program, and Jeffrey Wernick, an early bitcoin adopter and angel investor.
“Our mission is to eliminate every chokepoint and backdoor to cancel companies like Rumble and our creators,” said Rumble CEO Chris Pavlovski. “This investment in a digital payment processing system is another example of Rumble’s commitment to put creators first. With Parallel Economy, creators won’t have to worry about arbitrary cancellation. Giving creators financial security is a critical part of Rumble’s mission to protect a free and open Internet.”