Coil will power micropayments for Hackernoon, a community-based tech blog, according to a new announcement.
Hackernoon says that it has received a $1 million strategic investment from Coil, which will lead into a three year partnership. That deal will allow blog authors to earn tips simply by embedding a "meta" tag into their blog.
Hacker Noon CEO David Smooke writes:
We want to become the best place for tech professionals to read, write and publish...To date, we’ve provided editorial resources, validation, and distribution. Now with this strategic partnership, Hacker Noon will experiment with streaming micropayments to writers based on how much time Coil users spend reading their stories.”
Users will presumably be able to cash out their earnings through any of Coil's standard payout methods, including XRP via the Gatehub wallet or USD via the Uphold wallet.
Users can also earn XRP through Coil blogs, or embed Coil on any other website that supports it.
Hackernoon has also undertaken other blockchain ventures: it recently decided to publish its content on a blockchain for permanency, due to the fact that Medium exercised significant control over its content.