Posted on 01/18/2022 5:10:34 AM PST by janetjanet998
TORONTO, Jan. 18, 2022 -- 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."
"Partnering with Rumble allows Parallel Economy to continue building the infrastructure we need for an economy free from discrimination," said Dan Bongino. "We won't decide who gets access and who doesn't based on constantly shifting standards. Instead, our new economy is built on freedom. A payment processing platform is an important step toward achieving true independence."
an example why
Paypal Cancels Conservative Podcaster Jeremy Herrell
https://freerepublic.com/focus/f-chat/4030289/posts
Free Markets need more competition.
needs a bank (or two)?
That’s a great name, and concept too of course. It could even be a great investment opportunity should it actually take off. Rumble is associated with Peter Thiel who helped found PayPal, and is also apparently already partnered with Trump on his new media venture. Worth keeping an eye on, thanks for posting.
. It could even be a great investment opportunity should it actually take off
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Got a feeling Trump will be using it for his online fundraising if he runs
I believe many similar companies canceled him after Jan 6
If you control the processing…you make money on every transaction. This is an ambitious move by Rumble….which will soon be Trump.
Merchant credit card processing is such a ripoff. It would be nice to have companies that don’t bend you over for transferring funds. Of course it doesn’t transfer instantly. They have to make a bit of money off your money first.
This should spike DWAC today
This new endeavor should pay HUGE ATTENTION TO CYBERSECURITY because it will be subjected to RELENTLESS ATTACK. Take that to the bank.
They need to be very careful about who they hire including contractors.
That’s a great name, and concept too of course.
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GAB is saying that they they copyrighted the name
Gab.com
@getongab
.
@rumblevideo
and
@dbongino
this is a notice to retain all documents that might be pertinent to future litigation. You’ll be hearing from our lawyers shortly.
https://twitter.com/getongab/status/1483478357043994630
This is excellent news. So much payment processing has been monopolized by progressive ideologues.
I meant Parallel Economy is a great name. Sounds like just what we need.
Looks like Gab jumped in, trademarked the name “Parallel Economy” on Jan 4. Shot across the bow.
It was dumb of Bongino not to do that long ago.
Looks like Gab jumped in, trademarked the name “Parallel Economy” on Jan 4. Shot across the bow.
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How can you trademark what has become a common phrase?
Plus ParallelEconomy.com and Parallel Economy were founded in 2021
already has some traction
it has partnerships with over 250 shopping cart systems including Shopify, BigCommerce, Woocommerce, Authorize.net, Magento, 3D Cart, and Volusion. Additionally, it has partnerships with major retail, hospitality, restaurant, sporting goods, and manufacturing Point of Sale companies.
https://reclaimthenet.org/rumble-parallel-economy-payment-processor/
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