0
📰 News
453 views

Ripple's Xpring Invests 1 Bln XRP into Content Monetization Platform Coil 

  • Alex Dovbnya
    📰 News

    Ripple is on a hunt for promising startups to strengthen its ecosystem

Ripple's Xpring Invests 1 Bln XRP into Content Monetization Platform Coil 
Cover image via 123rf.com
Contents

Xpring, the incubation arm of Ripple, continues the streak of its investments with content monetization startup Coil, which recently received a 1 bln XRP grant (about $265 mln at press time).

In such a way, the San Francisco-based crypto juggernaut wants to streamline the adoption of XRP and Interledger.

👉MUST READ

Trading Legend Peter Brandt Suggests That Ripple’s XRP Price Could Drop to $0.02

Trading Legend Peter Brandt Suggests That Ripple’s XRP Price Could Drop to $0.02

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.

👉MUST READ

Ripple Sued by Crypto Investors Based on Old SEC Guidance Regarding ‘Crypto Securities’

Ripple Sued by Crypto Investors Based on Old SEC Guidance Regarding ‘Crypto Securities’

Ripple’s hegemony

On Aug. 6, Equilibrium Connect, a stealth startup that focuses on the development of tools for Interledger, also made an announcement about receiving an investment from Ripple.

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.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

👓 Recommended articles
0
📰 News
188 views

Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
    📰 News

    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

Subscribe to News.U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings