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
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
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?
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
, 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