13.4 C
Amsterdam
29 September 2021
PumpMoonshot
Image default
News

Media Titan With Over 144 Million Readers Tests Ripple-Backed Coil for Web Monetization


Global media powerhouse Condé Nast, which attracts more than 144 million readers and 435 million monthly visitors, is testing Ripple-backed Coil in an effort to monetize its web content.

A tech enthusiast, Eric Dadoun, called out Condé Nast’s tech publication Wired for enabling the online payments platform Coil. It allows users to stream real-time crypto micropayments to writers, artists and online content creators by using Ripple’s native cryptocurrency XRP, as well as other digital assets.

Ripple community members were quick to pick up on the development and discovered that most of the media company’s brands in the US have enabled Coil.

  • The New Yorker
  • Vanity Fair
  • Teen Vogue
  • GQ
  • Allure
  • Condé Nast Traveler
  • Architectural Digest
  • Bon Appétit

XRP Arcade, an independent media source, revealed that other US-based Condé Nast brands are also web monetized with Coil including Vogue, Epicurious, Glamour, Self, Pitchfork, GQ Style and Them.ADVERTISEMENT

Coil co-creator Niels confirms that the media giant is testing the platform on their websites.

“They are doing a limited test. So probably no access to ‘subscriber-only’ content yet.”

As a decentralized web content monetization platform, Coil is designed to offer online publishers more control over their work as it allows fans to reward content creators in both crypto and fiat currency.

The team at Coil recently announced a number of developments including a new WordPress plug-in and a partnership with money platform Uphold. Coil is one of Ripple’s key investments and has received a one-billion XRP grant and $4 million in a 2019 funding round.

News Source



Related posts

Ripple (XRP/USD) forecast and analysis on September 9, 2020

PumpMoonshot

Bitcoin Cash Price Forecast: BCH/USD hits a wall at $280 in the wake of a falling wedge pattern breakout

PumpMoonshot

Ripple and Major Trading Platforms Shift 282 Million XRP, While Ripple’s XRP Transfers to Huobi Shrink

PumpMoonshot

Leave a Comment