Ripple Web Monetizer Coil Allows XRP Coin Tips/Donations on Youtube and Twitch
Ripple (XRP) Tips/Donations Now Compatible With YouTube And Twitch Via The Coil Network
The rewarding of content creators just went to a new level following the Coil & XRP integration towards the end of August. Today, platforms can integrate Coil and receive tips from content consumers via the XRP TipBot link with Coil.
Coil network, developed by the former CTO of Ripple Stefan Thomas, is today boasting of integration with YouTube. Other platforms that have been linked with the platform include Internet Archive & Twitch.
This network is currently in its beta phase of development, the Coil end goal is to enable the monetization of content. As it stands, the integrated platforms like Twitch and YouTube allow the consumers to make donations towards their preferred content creators. Wikipedia is also within the Coil enabled scope of donation. Nik Bougalis, a popular cryptographer and coin enthusiast tweeted about integrating the Coil network,
I added @coil integration to my blog through @xrptipbot by following @haydentiff’s instructions.Took only a couple of minutes and works great.
Now to start writing interesting content on a regular basis!
The History Of Coil
This project began a while ago when Stephan Thomas stepped down from Ripple to work on his own crypto project. Its architecture is based on an Interledger Protocol meant to capture the content management & micro payments space. Luckily, Thomas left Ripple on good terms as Coil functionality will depend on Ripple’s native token ‘XRP’ to complete the ecosystem.
Coil’s operations in monetizing online content and facilitating micropayments will be powered solely by the XRP token. The idea within Coil project will change the uneasy world of micropayments hence boosting Ripple’s adoption. Furthermore, the old system of supporting content with paid Ads will soon be faced out by such blockchain networks.
The market is yet to get a grasp of Coil’s fundamental value but this is set to change with time. Thus it would not be surprising to see the technology integrate more platforms especially with a growing freelance market. In his own words, Thomas said that,
“Coil will use Interledger to make the web a more vibrant market for apps and content, where everyone’s contributions are rewarded.”
Other platforms in the market working on an idea similar to Coil’s include Steemit. However, this competitor has been facing challenges in terms of how fair the Steemit ecosystem is. Content creators have discovered numerous ways of using bots to increase votes on their intellectual property.