In such a way, the San Francisco-based crypto juggernaut wants to streamline the adoption of XRP and Interledger.
Reading for disruption
Notably, the upstart company is spearheaded by Ripple’s former CTO Stefan Thomas. Along with Ripple, he took part in Coil’s recent seed funding round that amounted to $4 mln.
Coil offers creators a brand-new way of monetizing their content (apart from advertising and site-by-site subscriptions). It offers its users a $5 monthly subscription that would allow creators to monetize their content on different Coil-supported websites.
Coil’s API, which is called Web Monetization, is powered by Blockchain-agnostic protocol Interledger.
Creators want more choice and control over how their content is monetized and distributed,” said Stefan Thomas, CEO and founder of Coil and co-creator of the Interledger Protocol.
On Aug. 6, Equilibrium Connect, a stealth startup that focuses on the development of tools for Interledger, also made an announcement that it received an investment
As reported by U.Today, Xpring plans to put $500 mln into 20 companies. The list includes Scooter Braun’s Ithaca Holdings, which turned the A-list celebrity manager into a member of the #XRPArmy.