Coil, a San Francisco-based startup, announced a new integration with Ripple (XRP) and WordPress. It means that website creators could get payments measured by Blockchain.
This could be the biggest use of XRP outside of global payments company Ripple.
In addition, users, currently accustomed to delivering their private information, will have it personal and protected. Also, they could enjoy WordPress sites that advertise for free.
About WordPress and Ripple (XRP)
WordPress is a content management system (CMS) that allows you to create and maintain a blog or other type of website.
According to a W3techs survey in April, more than a third of the web is published using WordPress software.
For its part, Ripple is both a platform and a currency. So the Ripple platform is an open source protocol that is designed to allow fast transactions.
But, Ripple (XRP) has started to break the ice in the world of global payments. Most importantly, Coil’s new WordPress deal could be a great step to advance the cause of functional Blockchain.
What do we know about Coil?
Coil was founded in 2018 to create a better business model for the web. First, Coil makes it easy for creators to monetize their content over the Internet and offers an alternative to advertising and subscription models.
As members enjoy the content, Coil uses a proposed open web standard, called Web Monetization. Therefore, it transmits micropayments to the creators in real time.
Stefan Thomas, founder and CEO of Coil, stressed:
“With the introduction of the Web Monetization plugin and more payment options for publishers and creators, our goal is to provide more options.”
Coil technology signals when a user visits a Coil-enabled site and distributes a payment to that site, paid in cash or in cryptocurrency, specifically with Ripple (XRP).
To make payment easier for website owners, Coil also announces a new partnership with Uphold, which trades in fifty currencies and has agreements with banks in 35 countries.
The Coil Web Monetization WordPress plugin provides publishers and creators with a new way to monetize their content. Accordingly, integration with Uphold allows access to the new debit and credit card feature.
Leveraging Blockchain technology, the platform provides consumers and businesses with easy access to 27 national currencies, 30 cryptocurrencies, six stablecoins, and four precious metals.
Uphold supports financial inclusion by allowing customers, virtually anywhere, to open an account in 3-5 minutes. Likewise, buy various assets and send funds around the world.