Extended Ripple Drop Interview: Coil's Stefan Thomas
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0:02 - 0:04You've recently launched Coil,
-
0:04 - 0:07a platform to help creators
online monetize their content. -
0:07 - 0:08How does it work?
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0:08 - 0:12So Coil is based on an open web standard
called web monetization, -
0:12 - 0:16and what that means is that
there's a feature in the browser -
0:16 - 0:20that allows to pay different websites
as you're browsing their content. -
0:20 - 0:24So rather than, you know, looking at ads,
may be paying a subscription -
0:24 - 0:25for each website you go to.
-
0:25 - 0:28This kinda allows you to
go to any website out there -
0:28 - 0:29and pay them like a small amount.
-
0:29 - 0:31Opening up the web for
monetization to everybody, -
0:31 - 0:34rather than just giant platforms
that have lots of users -
0:34 - 0:35and lots of content.
-
0:35 - 0:39So we're hoping to, kind of,
redistribute the web a little bit -
0:39 - 0:40and kind of make it easier
for independent websites -
0:40 - 0:42to compete with the larger sites.
-
0:42 - 0:44So where's Coil available right now?
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0:44 - 0:47So Coil is available worldwide
to anybody with a credit card, -
0:47 - 0:49and then, if you're a creator,
you can get paid out -
0:49 - 0:52using any Interledger enabled wallet.
-
0:52 - 0:54Right now there's U.S. dollar options,
so you can withdraw -
0:54 - 0:57to a U.S. bank account,
and there are XRP options. -
0:57 - 0:59But we expect that to
expand in the future. -
0:59 - 1:02You recently announced
a partnership with Imgur. -
1:02 - 1:03What's the goal of this partnership?
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1:03 - 1:06We're trying to establish a new web
standard, web monetization. -
1:07 - 1:11And in order to do that,
you need to reach a lot of people, -
1:11 - 1:13and you need adoption for the standard.
-
1:13 - 1:16And so Imgur is gonna be a great partner
in terms like bringing this -
1:16 - 1:18to a larger audience,
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1:18 - 1:22explaining what it's all about and giving
more people access to it. -
1:22 - 1:24What kind of feedback are you getting
from these creators -
1:24 - 1:25that are using your platform so far?
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1:25 - 1:29What we hear from creators is that
it's really hard to monetize your content, -
1:29 - 1:30and when you do,
-
1:30 - 1:32you're very dependent on
the platforms that you use. -
1:32 - 1:33Because they have all the users,
-
1:33 - 1:35they have a huge amount
of content already. -
1:35 - 1:36So they hold all the cards.
-
1:36 - 1:38And so as a creator,
-
1:38 - 1:40this is kind of an open
alternative to that. -
1:40 - 1:42You can be on a smaller
site and still anyone -
1:42 - 1:45that supports the standard
will be able to pay you. -
1:45 - 1:48So it really kinda opens up the space
for smaller creators, -
1:48 - 1:49for independent creators.
-
1:49 - 1:51What's your greater vision for Coil?
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1:51 - 1:54Yeah, our hope is that one day
the standard will be so ubiquitous -
1:54 - 1:56that most websites will support it.
-
1:56 - 1:58And then, you know, maybe
it's even like bundled -
1:58 - 1:59with your internet connection.
-
1:59 - 2:01So rather than having a
separate subscription, -
2:01 - 2:03part of that package is, you know,
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2:03 - 2:06money that can help
content creators' websites. -
2:06 - 2:09And so rather than getting
paywalls everywhere, -
2:09 - 2:10getting ads everywhere,
-
2:10 - 2:13having to get subscriptions
for different sites. -
2:13 - 2:14Maybe it's all kinda bundled together
-
2:14 - 2:17and you can use whatever
you want across the web.
- Title:
- Extended Ripple Drop Interview: Coil's Stefan Thomas
- Description:
-
Check out this interview with Coil's Founder and CEO Stefan Thomas. The former Ripple CTO explains how his platform is creating a new standard for consuming and providing content.
Thomas also talks about the company's partnership with Imgur and his hopes for the future of Coil.
- Video Language:
- English
- Duration:
- 02:20
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César Incio edited English subtitles for Extended Ripple Drop Interview: Coil's Stefan Thomas | |
![]() |
César Incio edited English subtitles for Extended Ripple Drop Interview: Coil's Stefan Thomas | |
![]() |
César Incio edited English subtitles for Extended Ripple Drop Interview: Coil's Stefan Thomas | |
![]() |
César Incio edited English subtitles for Extended Ripple Drop Interview: Coil's Stefan Thomas | |
![]() |
César Incio edited English subtitles for Extended Ripple Drop Interview: Coil's Stefan Thomas | |
![]() |
César Incio edited English subtitles for Extended Ripple Drop Interview: Coil's Stefan Thomas | |
![]() |
César Incio edited English subtitles for Extended Ripple Drop Interview: Coil's Stefan Thomas |