Coil’s Video Streaming Platform Cinnamon Will Be Integrated With Interledger Protocol

Coil’s Video Streaming Platform Cinnamon Will Be Integrated With Interledger Protocol

Cinnamon, the new video streaming platform released by Coil will be based on the Coil platform and integrated with the Interledger Protocol (ILP). The information was released by Coil in a recent tweet.

The new video streaming platform will have exclusive content for Coil members. On their tweet, they also thank Ripple for making this possible. In this platform, content creators are paid by their views.

Cinnamon will be fitting into Coil’s first product with a subscription for users that will be flat and will allow them to support creators. This would allow users to watch fewer ads on the platform and also unlock additional features and content.

With an open API it is possible to pay for websites in real-time and reward users that have web monetization enabled. This creates a self-sustaining economy. Coil was founded by Stefan Thomas, who developed the Interledger Protocol. Using micropayments, content creators can get paid for their work. Coil is also supported by Xpring and it focuses on building XRP-related projects.

XRP is a great choice for monetizing web content because transactions are fast and very cheap. The XRP Ledger is used to process XRP transactions and allow individuals to transact value in an easy way.

There are several initiatives related to XRP and Ripple. For example, Witse Wind, a recognized developer in the Ripple community developed the XRP TipBot that allows users to tip others using the XRP digital currency.

At the time of writing, XRP is being traded around $0.321 and it has a market capitalization of $13.29 billion. In the last 24 hours, it lost 0.07% of its value.


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