Ripple-Backed Coil Is Tested For Web Monetization
Ripple has been making headlines a lot this year despite the global crisis in the middle of which we are.
It’s been revealed that the global media powerhouse Conde Nast which is attracting more than 144 million readers and 435 million monthly visitors is testing Ripple-based Coil in an effort to monetize the web content.
Also, a tech enthusiast called Eric Dadoun called out the Conde Nast’s tech publication Wired for enabling the online payments platform Coil.
— Eric Dadoun (@EDadoun) June 14, 2020
Streaming real-time crypto micropayments to writers
This allows users to stream real-time crypto micropayments to writers, artists and online content creators via Ripple’s native crypto XRP, as well as other cryptos.
Ripple’s enthusiasts and fans picked up on the development and found out that most of the media company’s brands in the US have enabled Coil.
The online publication the Daily Hodl mentions some of them:
The New Yorker
Condé Nast Traveler
The same online publication also mentioned that XRP Arcade, an independent media source, revealed that other US-based Condé Nast brands are also web monetized with Coil including Vogue, Epicurious, Glamour, Self, Pitchfork, GQ Style and Them.
We recommend that you check out the original article in order to learn more details on the subject.
Ripple in the news
It’s been reported that Marcus Treacher, head of customer success for Ripple offered more details on the addition of the payment solutions company to the Registration Management Group (RMG).
Ripple has been focused on Distributed Ledger technology to become a member of the body, and the news of its addition was released a month ago on May 6th.
Ripple has been marking a lot of achievements lately.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.