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In a recent Podcast with Epicenter, Stefan Thomas, the founder and Ben Sharafian, the CTO of the micropayment platform, Coil, spoke in detail about their current company and Ripple, their former company. The couple also discussed the monetization of content on websites to replace the advertising model that is popular among Internet portals.
Thomas was the former CTO of Ripple, which is now emerging as one of the leading companies in the FinTech sector. When asked why he left Ripple to start a new company to develop on Inter Ledger, Sharafian revealed the thinking process behind it. He said:
"I think they are [Ripple] very focused on the use cases related to the XRP of the digital resource and to the business use cases. So make payments more efficient for banks, payment service providers, their customers, companies and so on. "
He talked about his experience working with clients while at Ripple. He said that in the end, his research team and Ripple have realized each other that banks are inclined to meet the interests of their customers. In the meantime, most of the banking sector has larger companies as their most significant group of consumers, this class is practically not the most suitable for the use cases offered by Inter Ledger, he explained.
Earlier in the podcast, the Coil team had discussed several cases of use of Inter Ledger. Some of them monetize online portals, artistic works and the like. In this regard, the CTO of the CTO also mentioned:
"So if you think of Ledger, we've talked about what Inter Ledger is best at first, if you think of it as something that empowers you as a new class of use cases – the way the internet has enabled a new class of use cases of communication – it is unlikely that large companies are necessarily the first to adopt it.
He added that companies will seek savings on their existing use cases. In addition, they are looking for ways in which they can resize these use cases.
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