Rivalry Adds $TRUMP Meme Coin as Crypto Payment Method
January 18 2025 - 7:10PM
Rivalry Corp. (the “
Company” or
“
Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK),
the leading sportsbook and iGaming operator for digital-first
players, today announced it has added U.S. President-elect Donald
Trump’s official Solana cryptocurrency ‘$TRUMP’ as an accepted
payment method.
Ahead of the U.S. Presidential Inauguration on
January 20th, Rivalry users are now able to deposit and wager using
$TRUMP, a cryptocurrency on the Solana blockchain which currently
has a fully diluted value of over USD $30 billion. The addition of
$TRUMP as a payment method on Rivalry comes less than 24 hours
after the President-elect released the cryptocurrency on Friday
evening.
”Meme coins are attention monetized, and the
release of $TRUMP just days before an Inauguration is a
quintessential internet and crypto culture-driven moment which
enabled it to eclipse $30 billion in fully diluted value shortly
after its debut” said Steven Salz, Co-Founder and CEO of Rivalry.
“Rapidly deploying $TRUMP as a deposit method in less than 24 hours
is a testament to our ability to identify and lean into these
universal cultural moments, layer it into our core crypto gambling
experience, and deliver first-of-its-kind experiences to our
users.”
Additionally, Rivalry customers wagering on-site
with $TRUMP will receive exclusive rewards through February 1, 2025
in recognition of the upcoming Presidential Inauguration, including
multiplying the amount of NUTZ–the Company’s native token–players
earn on every bet by 20x, a reflection of the inauguration on
Monday, January 20, 2025.
With the acceptance of $TRUMP, along with a
number of other major cryptocurrencies as part of Rivalry’s
crypto-first approach, the Company has ongoing treasury holdings of
various major cryptocurrencies and meme coins that it accepts as a
deposit option. The Company will continue to add additional
cryptocurrencies as needed to support its player base and continual
expansion into the crypto gambling segment.
$TRUMP as a payment method will be available to
Rivalry users in jurisdictions which apply to the Company’s Isle of
Man license only.
About Rivalry
Rivalry Corp. wholly owns and operates Rivalry
Limited, a leading sport betting and media company offering fully
regulated online wagering on esports, traditional sports, and
casino for the digital generation. Based in Toronto, Rivalry
operates a global team in more than 20 countries and growing.
Rivalry Limited has held an Isle of Man license since 2018,
considered one of the premier online gambling jurisdictions, as
well as an internet gaming registration in Ontario, and is
currently in the process of obtaining additional country licenses.
With world class creative execution and brand positioning in online
culture, a native crypto token, and demonstrated market leadership
among digital-first users Rivalry is shaping the future of online
gambling for a generation born on the internet.
No stock exchange, securities commission or
other regulatory authority has approved or disapproved the
information contained herein. Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this press release.
Company Contact:Steven Salz,
Co-founder & CEOss@rivalry.com
Investor
Contact:investors@rivalry.com
Media Contact: Cody Luongo,
Head of Communicationscody@rivalry.com203-947-1936
Cautionary Note Regarding
Forward-Looking Information and Statements
This news release contains certain
forward-looking information within the meaning of applicable
Canadian securities laws (“forward-looking statements”). All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
“anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”,
“objective”, “continuous”, “ongoing”, “estimate”, “outlook”,
“expect”, “project” and similar words, including negatives thereof,
suggesting future outcomes or that certain events or conditions
“may” or “will” occur. These statements are only predictions.
Forward-looking statements are based on the
opinions and estimates of management of the Company at the date the
statements are made based on information then available to the
Company. Various factors and assumptions are applied in drawing
conclusions or making the forecasts or projections set out in
forward-looking statements. Forward-looking statements are subject
to and involve a number of known and unknown, variables, risks and
uncertainties, many of which are beyond the control of the Company,
which may cause the Company’s actual performance and results to
differ materially from any projections of future performance or
results expressed or implied by such forward-looking statements.
Such factors, among other things, include regulatory or political
change such as changes in applicable laws and regulations; the
ability to obtain and maintain required licenses; the esports and
sports betting industry being a heavily regulated industry; the
complex and evolving regulatory environment for the online gaming
and online gambling industry; the success of esports and other
betting products are not guaranteed; changes in public perception
of the esports and online gambling industry; failure to retain or
add customers; the Company having a limited operating history;
negative cash flow from operations; operational risks;
cybersecurity risks; reliance on management; reliance on third
parties and third-party networks; exchange rate risks; risks
related to cryptocurrency transactions; risk of intellectual
property infringement or invalid claims; the effect of capital
market conditions and other factors on capital availability;
competition, including from more established or better financed
competitors; and general economic, market and business conditions.
For additional risks, please see the Company’s management’s
discussion and analysis for the three and nine months ended
September 30, 2024 under the heading “Risk Factors”, and other
disclosure documents available on the Company’s SEDAR+ profile at
www.sedarplus.ca.
No assurance can be given that the expectations
reflected in forward-looking statements will prove to be correct.
Although the forward-looking statements contained in this news
release are based upon what management of the Company believes, or
believed at the time, to be reasonable assumptions, the Company
cannot assure shareholders that actual results will be consistent
with such forward-looking statements, as there may be other factors
that cause results not to be as anticipated, estimated or intended.
Readers should not place undue reliance on the forward-looking
statements and information contained in this news release. The
forward-looking information and forward-looking statements
contained in this press release are made as of the date of this
press release, and the Company does not undertake to update any
forward-looking information and/or forward-looking statements that
are contained or referenced herein, except in accordance with
applicable securities laws.
Source: Rivalry Corp.
Rivalry (TSXV:RVLY)
Historical Stock Chart
From Dec 2024 to Jan 2025
Rivalry (TSXV:RVLY)
Historical Stock Chart
From Jan 2024 to Jan 2025