Digital payment platform Uphold has announced a partnership allowing Coil creators to be able to select the platform as their wallet provider to receive payments in over 50 currencies.
Coil provides alternative methods for content producers to monetize their work online.
Uphold is now an official wallet provider for @Coil. Our @Interledger integration means #CoilCreators can connect their #Uphold account, earn real-time payments for great content and easily access 50+ #cryptos, fiat currencies & precious metals. Thanks for sharing @ForbesCrypto! https://t.co/3F9eV0qQlL — Uphold (@UpholdInc) May 20, 2020
Robin O’Connell, Chief Revenue Officer (CRO) at Uphold said:
“The ability to pay for [their] app subscriptions, news articles, or premium experiences with zero-clicks and in real time feels like the future.”
The partnership with Coil will utilize the Interledger Protocol. This will allow creators to accept payments in more than 50 fiat and digital currencies and enable bank connectivity from over 34 countries.
O’Connell added that the company is:
“uniquely positioned to provide partners like Coil the ability to bridge old and new money systems while offering a seamless payment settlement for its creators.”
Coil choosing Uphold as its wallet provider comes at the same time the platform unveiled the Coil Web Monetization plugin. It allows WordPress publishers and creators to monetize their content.
Today we unveiled our #WebMonetization WordPress Plugin + our newest wallet provider @UpholdInc, offering access to over 50 currencies with bank connectivity in more than 35 countries! https://t.co/NG66QzpHbf pic.twitter.com/kQQokH3pm2 — Coil (@Coil) May 19, 2020
Creators utilizing the plugin are able to implement ad-free experiences and premium content requiring subscriptions to view.
Coil Founder Stefan Thomas said the plugin would provide for WordPress creators “more freedom of choice and less friction” by creating a new revenue stream.
At the same time, consumers would be free of the “subscription fatigue and the invasive privacy issues associated with ads.”
Uphold has been serving more than 2 million customers, the platform has been responsible for more than $6 billion in transactions across 184 countries since its launch in 2015.
Source: Cointelegraph | Image: Pexels