GateHub, an XRP Ledger wallet and gateway, announced today a partnership with Coil that enables content creators to monetize their websites and get paid in real-time.
Coil creators can now use GateHub to receive funds in XRP, convert them to EUR, USD, BTC, ETH and also withdraw them to their bank account, bitcoin, or other desired accounts.
“Money streaming is here! With a bright future ahead for Web Monetization and a growing interest in the Interledger Protocol, we are writing a new chapter with Coil. This is the start of a great partnership. Together we will bring this technology to a broader audience.“
– GateHub CEO Enej Pungerčar
Coil was founded by Stefan Thomas, former CTO of Ripple, to build a better business model for the web. Coil’s platform is designed to make it easy for creators to monetize their content across the internet.
As subscribing fans enjoy the content, Coil uses Web Monetization, a proposed open web standard built on Interledger that enables streaming micropayments in any currency.
The platform supports creators, including writers and journalists, video creators, podcasters, streamers, musicians, photographers, and artists.
“Our integration with Gatehub provides creators with the ability to withdraw their web monetized earnings to any European bank account. This makes it much easier for creators and developers across Europe to experiment with and use Interledger and Web Monetization.“
– Stefan Thomas, Coil CEO
In August, Coil announced a 1 billion XRP grant from Ripple’s Xpring.