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.

Ripple's XRP token isn't a real object but if it were and if one were to get a pile of them and a nice camera, this is what it would look like (via Shutterstock).