Founded by Stefan Thomas, former CTO of Ripple, Coil's mission was to create a better business model for the web. Its primary service was a subscription-based membership that allowed users to support creators by streaming micropayments directly to them as they consumed content, offering an alternative to advertising and paywalls. The service utilized the open-source Interledger Protocol for payments. In November 2022, Coil announced it was sunsetting its membership and web monetization products to focus on new projects and contributing to the Interledger Foundation.

Founded in

United States