- Coil Launches content creator platform.
- XRP-centric coil has Partners Stronghold Digital Wallet Provider.
Shortly after Coil, a web-monetisation platform partnered Stronghold, the XRP-centric platform has announced the launch of a 5$/month content creators platform.
Microblogging is becoming a 21st-century trend. However, content creators are cheated day by day. This is what Coil intends to abolish.
The monetised platform for creators, which was opened on Wednesday 1st May, offers a seamless method for content creators on the internet to share their ideas and get paid for it.
Coil, according to founder and former Ripple Chief Technical Officer, Stefan Thomas, offer the first of its kind web-monetisation idea for unlocking exclusive content, unlike other platforms that monetise content for donation purposes alone.
According to him, someday, online platforms will offer contents and futures while turning off advertisements for web-monetised enabled browsers.
When subscribers enjoys contents on the platform, creators are compensated by Coil. However, subscriber need to pay a token of $5/month for the services. Coil depends solely on the interledger Protocol, which makes it easy for any to be sent and received.
— Coil (@Coil) May 1, 2019
Coil Partners With Stronghold
Coil, a cryptocurrency startup supported by Ripple’s Xpring, announced it has sealed a partnership deal with digital wallet provider Stronghold to make it easy for users of its platform to cash out in USD, adding to the XRP option available on the platform before.
Coil just unveiled its public beta option, with the platform preparing ahead to tackle competitors like Basic attention Token’s privacy-focused Brave browser, lightning blog Yalls and Cent, among other well-known micropayment platforms.
Coil is among the many projects using XRP. However, the project appears to be offering the first of its kind idea in the web-monetisation arena. Time will tell if others can compete with the project.