Content creators on platforms like Twitch.TV or YouTube can now receive tips through a blockchain tool called Coil. This tool allows viewers to donate using Ripple (XRP). Coil is also allowing web monetization, which means you can install the tool on your website as a tipping jar. This was announced by Coil and Ripple on Reddit.
In an ideal world Coil would introduce consumers to an ad-free internet where everybody pays per view or tips for value. Currently Coil has a browser extension available that would tip websites that you visit often, like Wikipedia for example. Users would fill that account through a monthly subscription, and they automatically donate to Coil supported websites that they visit.
Think Netflix, think Spotify, think about companies where you need to make a monthly payment to be able to get all content while you are not actually using them, or that moment where you don’t want to pay a monthly fee just because you like that one show, so you rather try to download an illegal copy.. With Coil you might be able to get whatever content you want, instantly available by XRP purchase, without being forced to pay for all the other things you don;t use anyway! Think Spotify, think Uber, think ads on the web – or no more ads on the web! Vimeo, watching a stream, finally being able again to use your YouTube playlist at a party without having the annoying ads in between your music list where the volume is way to high. There are no limits! This is just the beginning of Internet of Value! Coil is big, coil is huge – Coil deserves as much attention as we are giving Ripple!– Ripple (Reddit)