One of the Ripple's infrastructures and adoption initiatives, Xpring, has given a 1 billion XRP (about $265 million) grant to a Coil Platform.
Distribution and monetization
Coil platform will enable the creators an alternative way to monetize content on the Internet.
The users will be able to publish their content on the platform, which will automize micropayments to creators. This way, the creators can monetize their websites by adding a single tag.
Platform's CEO,
Stefan Thomas, commented:
The creators want more choice and control over how their content is monetized and distributed. Web Monetization is a more open and fair solution for creators and fans all over the world.
Coil Platform - how does it work?
Coil Platform uses an open
API, called
Web Monetization, for payments in real-time.
Web Monetization is built on the so-called
Interledger Protocol, co-created by
Stefan Thomas, who also used to be a CTO at
Ripple.
Xpring, belonging to the
Ripple company, took part in the $4 million seed round for Coil Platform.
If everything goes well, Coil will be able to start working right away. One of the experienced crypto-traders believes that
XRP will fall over 20%. He also accuses
Ripple of manipulating
XRP's price.
