El Salvador government has partnered with Rumble, the video-sharing platform that doubles as a cloud service provider. According to the Canada-based cloud computing platform, Rumble will provide a range of services including cloud storage (object and block storage) and cloud computing.
Other essential services include databases, load balancers, and Kubernetes integration for the government of El Salvador.
Strengthening Technological Independence
Notably, Nayib Bukele, President of El Salvador and Chris Pavlovski, Rumble CEO had met in September 2024 to discuss the arrangement. Stacy Herbert, National Bitcoin Office Director facilitated the meeting last year and both parties have now inked the deal.
Speaking on the development, Pavlovski noted that it endorses the dependability of Rumble’s services. He emphasized that the partnership is a major milestone for Rumble as it demonstrates its high-standards infrastructure and competencies. This has influenced the Salvadoran government to trust it with its important data and computing needs.
Pavlovski also sees it as recognition of the need to stay independent of Big Tech. “No one wants to risk being technologically silenced because an activist in Silicon Valley doesn’t like what you think or say,” he said.
El Salvador’s Pro-Bitcoin Stance
On her part, Stacy Herbert says the partnership projects El Salvador as valuing freedom, prosperity, innovation and other laudable ideals. She anticipates a seamless relationship which will mutually benefit both parties.
El Salvador has been pro-Bitcoin and adopted it as a legal tender in 2021. The Central American country remains receptive to institutions in the sector.
Recently, the derivatives subsidiary of Bitfinex crypto exchange secured a Digital Asset Service Providers (DASP) license in El Salvador. The development means that Bitfinex Derivatives will relocate its operations from Seychelles. El Salvador through this is cementing its reputation as a blockchain innovation hub in the region.
El Salvador Bitcoin Accumulation Ambitions
The country is also serving as a model to other countries looking to adopt Bitcoin. The Syrian Center for Economic Research has suggested that the nation looks to adopting Bitcoin as a legal tender. The proposal’s idea is to support efforts targeted at reviving the economy of Syria.
El Salvador since adopting Bitcoin as a legal tender has continued to build a Bitcoin Reserve. The latest acquisition occurred on Christmas Day, boosting its reserve to 5,997.77 BTC.
