• Ripple (XRP)
    Ripple,  XRP

    Ripple bets big on micropayments with $260 million grant to Stefan Thomas’ Coil

    The 1 billion XRP grant former to its former CTO’s startup is intended to undercut the Web’s current advertising and subscription revenue model while expanding the use of XRP

    Ripple announced Thursday that it is giving its former CTO more than $260 million to change the way content is paid for on the Web. Ripple’s Xpring initiative to invest in companies building the XRP cryptocurrency ecosystem gave a 1 billion XRP grant to Coil, a micropayments company founded by former Ripple CTO Stefan Thomas.