Media giant uses Coil for web monetization

by | Jun 14, 2020

Condé Nast is a global mass media company founded in 1909 by Condé Montrose Nast, and owned by Advance Publications. Its headquarters are located at One World Trade Center in New York and The Adelphi building in London.

The company’s media brands attract more than 84 million consumers in print, 366 million in digital, and 384 million across social platforms. These include Vogue, The New Yorker, GQ, Glamour, Architectural Digest, Vanity Fair, Pitchfork, Wired, and Bon Appetit among many others.

Web Monetization via Coil

Coil, the first Web Monetization provider, is a platform launched by former Ripple CTO Stefan Thomas. Coil enables creators to post public and exclusive content on Coil, which is automatically enabled for streaming payments. Creators can web monetize their own websites by adding a simple tag.

On June 14, as Eric Dadoon, an early startup investor and XRPcommunity member visited, he was in for a surprise.

Wired, a Condé Nast brand was monetized with Coil. Even more impressive was the fact that the Coil payment pointer on wired, “$”, belonged to its parent company.

With a quick check, more than a dozen other Condé Nast brands based in the U.S. are also Web Monetized with Coil: allure, Bon Appétit, epicurious, Glamour, Teen Vogue, Self, Pitchfork, GQ Style,, Them, The New Yorker, Vanity Fair, and Vogue.

Coil has been gaining a lot of traction lately. Only this week DEV, an online community, and Hacker Noon, the technology publishing platform, added Coil-enabled Web Monetization to their platforms.

EDIT: Although web monetization is enabled on all brands listed above, nothing has been officially announced, and some people have been hinting that this might still be a test. We will keep you updated as we know more.

Latest News

MoneyGram CEO talks Ripple and ODL on CoinDesk

May 12, 2021
In a CoinDesk interview, MoneyGram CEO Alex Holmes spoke about MoneyGram's new partnership with Coinme but was also asked about Ripple and ODL.

XRP settlement solution generated $2M per week in revenue for MGI

May 10, 2021
After the SEC lawsuit and MoneyGram's statement that it "does not utilize the ODL platform or RippleNet for direct transfers of consumer funds – digital or otherwise" media and BTC maxis took advantage to claim that MoneyGram never used XRP.

CMC invents “time machine”, takes XRP back 5 years

May 8, 2021
CoinMarketCap, a popular price tracking website for crypto assets, has been reporting the wrong data for XRP since May 7th, slashing $17.5 billion from XRP's Market Cap.

Ripple strengthens presence in Poland

May 1, 2021
Currency One, a leading company on the online currency exchange market in Poland, has joined RippleNet.

Nubi: Powered by Ripple

May 1, 2021
Nubi is an Argentine fintech company founded in 2017. Its customers can now send and receive payments around the world efficiently, through Ripple-powered RippleNet.