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On September 20, Ripple's CTO David Schwartz sent a tweet on a new partnership that could extend Ripple's leadership as it became the second largest cryptocurrency. Schwartz announced that Wikipedia will accept donations in the form of Ripple (XRP) using the coil. Coil uses an Interledger protocol to monetize online content. Founded by Ripple's former Chief Technology Officer, Stefan Thomas, the company aims to promote free sites and create new ways of monetization for a website.
Look at the adoption of @Coil it is exciting. Even without a partnership, they are testing their fixed-rate web monetization product on @Wikipedia with $ XRP . After users of @Coil visit the site, @Coil makes a donation to @Wikipedia – David Schwartz (@JoelKatz) September 21, 2018 [19659003] So, no advertising, which site is better to start, but Wikipedia that does not accept advertisements and depends mainly on donations. The platform is looking for new methods of monetization and this has emerged as one of the main ones. Wikipedia will now collaborate with Coil to support content creators on the platform. Coil allows users (website visitors) to donate and contribute small amounts of cryptocurrency to content creators.
However, the companies have made it clear that this partnership has yet to be formalized and that Wikipedia is only testing Coil and XRP to see if it was a viable option for this.
A few months ago, Wikipedia's biggest competitor was launched. Everipedia is what has been defined as the new Wikipedia. Based on blockchain technology, the new platform boasts "uncensorship" and rewards its contributors. The project also boasts of having one of the co-founders of Wikipedia in their team; Larry Sanger. Put all this together and it is not surprising that the new platform has already published over 6 million articles.
On a day when Ripple recorded an increase of 63%, this is one of the reasons that led to the jump. But it was not the only reason. Prices have steadily increased during the week and this has been the peak of everything. Another reason that may have triggered the surge is the prospect of a new feature coming up on Ripple. Speaking with CNBC Sagar Sarbhai, head of regulatory relations for the Asia-Pacific and the Middle East, said that Ripple was working on a new feature that could accelerate banking transactions and would be ready in the next month.
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