Coil, a tipping tool that allows users to donate XRP tokens to content creators, has taken a major step forward. Coil has now launched a brand new version of its platform, and this update turns the Coil website into a full-fledged blogging platform. As of Wednesday, users can post and read articles on the Coil website.
What Is Coil?
Coil has been available as a browser extension since last year. Once you pay Coil’s $5 monthly subscription fee, the extension begins to automatically send microdonations to content creators as you view their work. Until now, Coil has primarily attempted to monetize YouTube channels, Twitch streams, and personal websites.
However, Coil is now hosting its own content, and it is making changes. Coil still uses XRP, but it has also partnered with Stronghold to allow creators to withdraw their earnings as fiat currency. Coil has additionally adopted Interledger’s Web Monetization standard. All of these features will make it easier for creators to accept donations.
Although articles on the Coil…