It turned out that global media giant Conde Nast, which includes Wired, Vogue, The New Yorker, Vanity Fair, GQ and many other important media outlets, has been trying to try the Ripple supported Coil platform.
Reaching more than 144 million readers and having a monthly visitor number of 435 million, global media giant Conde Nast has taken the Ripple-supported Coil to turn its content into money.
It was determined that Wired, the technology broadcast of Conde Nast, enabled Coil. The system allows users to make instant micro-payments to online content creators, authors and artists with Ripple’s cryptocurrency, XRP or other cryptocurrencies.
Ripple community members have been enthusiastic about this development and discovered that most of the media company’s brands in the US have enabled Coil:
The New Yorker
Condé Nast Traveler
On the other hand, in XRP Arcade; It revealed that other US-based Condé Nast brands such as Vogue, Epicurious, Glamor, Self, Pitchfork, GQ Style make money on the web with Coil.
Coils creator Niels also confirmed that the media giant has tested the platform on their website and said, “They are doing a limited test. So there is currently no access to ‘subscribers only’ content at this time. ” said.
1 billion grant from Ripple to Coil
Coil, a decentralized web content platform, allows websites to gain more control over their work and rewards editors for their work in both crypto and fiat money. The Coil team has recently announced a number of developments, including a partnership with a new WordPress plugin and money platform Uphold. Coil, one of Ripple’s most important investments, received a $ 1 billion XRP grant and a $ 4 million investment in 2019.