Youtube, Twitch and Wikipedia Content Creators Can Now Accept Payments in XRP Tokens
Content creators on the internet will now be able to accept payments in XRP tokens directly from their users.
An American company Coil run by the ex-employee of Ripple launched a special product which lets Internet users “tip” content creators on such social platforms as YouTube, Twitch, and Wikipedia in Ripple tokens, XRP.
Coil is a project founded by Stefan Thomas, the previous CTO of Ripple Inc. and co-creator of Interledger and in an article on Medium, he describes his vision for his new project.
Although the similar app already exists for Bitcoin, Coil claims to be much more upgraded and improved.
Coil is actually the first when it comes to paying out websites using Web Monetization, an Interledger-powered standard that would enable browsers to pay websites. Towards that goal, Coil will be compatible with some of the biggest names in the web industry, including YouTube, Wikipedia, Twitch, Internet Archive, and Beat, for starters.
While micropayments and subscriptions always have been closed system, Thomas believes that the web needs an open marketplace which makes it easy for both the curators, the creators, and the users. He believes that blockchain can not only be used for this, but he also believes entire new industries will be built using blockchain technology.
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