One of Ripple (XRP) enthusiasts, Wietse Wind has come out to announce the integration of Coil, with XRP TipBot, signifying that tipping is now possible on the platform and that content creators can now integrate Coil on their platform to receive donations from supporters.
“I am very proud to announce the integration of @Coil with @XRPTipBot Congratulations to the @Coil team with their #launch, and special thanks to @sharafian_ and @baltazar223 – Register at http://Coil.com , and Top-up / auto-donate when you visit a donation page.”
XRP TipBot is a bot that allows Reddit users to send Ripple XRP to each other through Reddit comments and tweets.
“To start tipping XRP, you have to deposit XRP to your XRPTipBot-account first,” XRPTIPBot said on its platform.
The Genesis Of The Glorious Journey: Coil
Not long, Stefan Thomas, former CTO of Ripple and inventor of the Interledger Protocol, announced he was stepping down to launch his own project Coil. According to him, the coil project will ease micropayments for content management.
Thomas did not sever ties with Ripple since the idea will be dependent on Ripple’s XRP and Interledger Protocol.
Project coil monetization will completely rely on XRP tokens for monetization. Everywhere, micropayments are very useful today, especially in monetizing ideas (contents).
With Thomas reintroduction of micropayment, which has been regarded as somewhat uneasy in the past, it will be a major boost for XRP since the idea will monetize, using the cryptocurrency XRP, instead of supporting content by ads, selling data or paywalls.
People are not aware of the full functions of Coil, however, they are getting to understand the advancements inherent in this unmatchable innovation.
According to Thomas, “Coil will use Interledger to make the web a more vibrant market for apps and content, where everyone’s contributions are rewarded.”
While this idea has semblance with Steemit where content owners are compensated, Steemit among other popular platforms doing things in relation to Coil are mostly condemned. This is because many of the content posted on this platform are upvoted using bots on most occasions.
To keep Coil growing, Ripple’s Xpring has supported the idea in cash and kind since it was launched.