Coil is a platform that provides an alternative method for creators to monetize their content online. As subscribing fans consume content, the platform uses an open API called Web Monetization to stream micropayments to creators in real time.

Web monetization platform Coil now supports XRP payments in real-time thanks to a partnership with payment gateway and XRP Ledger wallet provider GateHub.

An official press release published on Oct. 1 noted that Coil users can now use GateHub to receive funds in XRP and convert them into EUR, USD, Bitcoin and Ethereum (ETH).

Real-time micropayments for content creators

The API is built on the Interledger Protocol, co-created by Stefan Thomas, Coil CEO and former Ripple CTO.

As Cointelegraph reported on Aug. 15, Ripple’s investment arm, Xpring, also participated in Coil’s $4 million seed round and provided a 1 billion XRP (roughly $265 million) grant to the platform this August.

Coil supports monetization for diverse content creators across literary writing, journalism, music, photography and podcasts, charging content consumers a $5 monthly subscription fee to access the site.

A push for decentralized content monetization

On Sept. 17, Coil and open-source browser Mozilla teamed up with Creative Commons – a nonprofit that provides free licenses for creators – to establish a $100 million grant program for web monetization.

The program offers a series of  $1,000–100,000 grants to developers and creators who support web monetization, with a plan to reserve the lion’s share of the funds for openly licensed software and content.

Also in September, Ripple’s Xpring has acquired payments platform Logos Network to develop decentralized financial products and applications.

Ripple-Backed Crypto Wallet BRD Launches Blockchain Toolbox for Enterprise Apps

Mobile wallet provider BRD is making something of a pivot, launching a suite of tools aimed at allowing blockchain developers to more easily build apps for enterprises.

Called Blockset, the new offering – announced Friday – is described as a blockchain data integration platform with a suite of tools that allow coders to create “enterprise-grade” blockchain applications. These bring the ability to automatically pull in on-chain data via an API and, BRD says, conduct transactions in “near real-time” on multiple blockchains.

Nodes can be hosted “out of the box,” BRD says. Blockset supports bitcoin, bitcoin cash, XRP, hedera and ethereum at launch, with more to be added during the year.

“Blockset … will fundamentally realign BRD’s business model for the high growth demands of the financial services and banking industry worldwide,” according to the company.

The suite has been under evaluation in private pre-release by a number of firms including Ripple, SBI Holdings and KPMG, according to the announcement, with BRD aiming to soon bring in partners to help grow adoption.

All in all, the firm says the benefits of its new product include cutting hosting and developments costs, reducing build time and potentially the promise of new enterprise use cases for blockchain.

Around 90 percent of major banks are now exploring blockchain and cryptocurrency, said Adam Traidman, BRD’s CEO and co-founder. “That is why we developed our own proprietary platform (Blockset) which banks, financial services, and large crypto companies will now be able to leverage to accelerate their time to market and deliver enterprise solutions to scale on a global basis for a fraction of the development costs.”

In October, BRD received a $750,000 investment from Ripple’s Xpring alongside a new partnership that was said to target the creation of “the internet of value.” As part of arrangement, BRD was to integrate XRP and start building on Xpring’s developer platform.

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