There has never been a better time to be alive for content creators. In the latest news, we have such creators all around the Web, and apparently the latest cryptocurrency news also goes in their favor.
From now on, content creators will be able to accept payments in Ripple (XRP), which is one of the ‘top 5’ altcoins. This decision has been made after Coil, which is the brainchild of the former CTO of Ripple Labs, Stefan Thomas, has launched the beta version of his browser extension app of the same name which allows users to tip content creators with XRP tokens.
In fact, the concept of this transferring and token award system is arguably borrowed from Changetip, which is a now-defunct Bitcoin tipping app. With it, Coil has somewhat established its advancement by becoming an alternative to today’s web full of ads.
According to Thomas:
“For decades, people have discussed the potential of micropayments to support content creators that would move us away from the broken ad-supported web. Others have created subscription services that bundle content.
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But micropayments and subscriptions have always been built as closed systems, which fail to capture the huge variety of content on the web.”
Coil is also the first when it comes to paying out websites using Web Monetization, which is an Interledger-powered standard that enables browsers to pay websites. In that manner, Coil will now be compatible with some of the greatest online platforms such as YouTube, Wikipedia, Twitch, Internet Archive and Beat, with many other names to follow in the future.
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