Content creators that want to accept Ripple (XRP) donations and payments from users from Twitch, YouTube and Wikipedia can now do so through a tipping-for-content system developed by Coil. Coil is developed thanks to the work of former Ripple Labs CTO, Stefan Thomas.
Everything is possible through a browser extension app, which is also named Coil. This extension will allow the users to tip the content creators directly through XRP tokens. Specialists will tell you that this is a system that was burrowed from the defunct ChangeTip but Coil managed to already position itself as an attractive alternative to the modern ad-supported web.
According to Stefan Thomas:
For decades, people have discussed the potential of micropayments to support content creators that would move us away from the broken ad-supported web. Others have created subscription services that bundle content. But micropayments and subscriptions have always been built as closed systems, which fail to capture the huge variety of content on the web.
Coil now stands out as the very first system that people can use to pay websites through the browser. This makes it easy for Coil to be completely compatible with huge web industry names like Beat, YouTube, Twitch and even Wikipedia.
Numerous future adoption possibilities are available through the launch of Coil. Most of the online discussion is in reference to the sites that offer the content for a monthly subscription fee. Such subscriptions are allowing users to access all the content on the website but users rarely use the whole package. Pay Per View is the only solution that tackles the issue.
Coil’s browser extension can unleash web content for Ripple payments. This includes sound, video, text and anything that could be present on a website. Reddit users are already excited at the potential of having an internet filled with value.
It is possible that Coil will partner with Brave on the micro-payments. Brave is a full-feature browser that was built around privacy, to be used by crypto enthusiasts. It uses a similar service to what Coil proposes through the BAT token. At the moment, Brave has over 4 million active users. They are attracted by extra ad-blocking and extra privacy, together with the possibility of donating BAT tokens to content creators.
While Coil is just a browser extension at the moment, it can evolve, taking advantage of the growing popularity that Ripple enjoys at the moment. Future updates are expected. Right now the browser app can easily boost XRP token potential.
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