BLXN Posted August 16, 2019 #1 Posted August 16, 2019 Xpring also announced Thursday that it gave a 1 billion XRP grant (worth roughly $265 million at today’s price) to Coil for help building a community of “creators, consumers and strategic partners,” according to a press release. The XRP granted to Coil came directly from “Ripple’s balance sheet of XRP,” according to Xpring Vice President Ethan Beard. The funding has catalyzed an ambitious growth plan for Coil, including a $20 million investment in storied photo-sharing platform Imgur and an undisclosed amount in the video streaming startup Cinnamon. The Coil platform allows subscribers to pay $5 a month so that when users consume content from a Coil-compatible website, the content creators – like musician Riley Q and the XRP-enthusiast blogger known as Hodor – automatically receive XRP payments or fiat bank transfers via dollars. Riley Q told CoinDesk she’s earned $3,400 worth of XRP so far.https://www.coindesk.com/ripple-is-giving-away-1-billion-xrp-in-massive-bid-to-fund-online-content not to be confused with those XRP giveaway phishing skems -__-
wngo123 Posted August 17, 2019 #2 Posted August 17, 2019 Absolutely stunning. very nice of them. But $265 million? omg wow I can't imagine such amount 😮
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