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I am quite excited about the Web Monetization API and Coil’s implementation. https://webmonetization.org/ https://webmonetization.org/ https://coil.com/ https:

I am quite excited about the Web Monetization API and Coil’s implementation. https://webmonetization.org/ https://webmonetization.org/ https://coil.com/ https://coil.com/

mirimir 6y ago
What forms of payment does Coil accept?
- contravariant 6y ago
  It's answered in a rather roundabout way on their FAQ page for for membership accounts [1]: >Can I use cryptocurrency to pay for my membership? >No, all memberships must be paid by credit card in US dollars. [1]:https://help.coil.com/accounts/membership-accounts https://help.coil.com/accounts/membership-accounts
  - fastball 6y ago
    So not a solution for content likely to be censored or adult content. Seems like BAT is still the way to go.
    - jeremiahlee 6y ago
      The Web Monetization API standard Coil is based on does not reveal knowledge of what content is being paid for.
      - fastball 6y ago
        Sure, but the hard part of "getting paid on the internet for content" was never really "there isn't an open standard for payments!" – it was that established payment providers didn't generally want to enable transactions for certain types of content or to certain actors and/or charged prohibitive fees for the privilege of performing transactions at all.
  - mirimir 6y ago
    Oh well. It is possible to go ~anonymously from cryptocurrency to "paid by credit card in US dollars". Basically you barter cryptocurrency for a credit card payment. You can do it with someone you trust. Or you can negotiate online. But then you may get a stolen card account, which might be embarrassing. I wonder if they accept gift cards.
    - jeremiahlee 6y ago
      Nothing stops someone from creating a competitor to Coil that also uses the Web Monetization API emerging standard and that competitor accepting subscriptions in another currency, including crypto. That’s one reason why it’s such a compelling idea.

I am quite excited about the Web Monetization API and Coil’s implementation. https://webmonetization.org/ https://webmonetization.org/ https://coil.com/ https://coil.com/

mirimir 6y ago

What forms of payment does Coil accept?

contravariant 6y ago
It's answered in a rather roundabout way on their FAQ page for for membership accounts [1]: >Can I use cryptocurrency to pay for my membership? >No, all memberships must be paid by credit card in US dollars. [1]:https://help.coil.com/accounts/membership-accounts https://help.coil.com/accounts/membership-accounts
- fastball 6y ago
  So not a solution for content likely to be censored or adult content. Seems like BAT is still the way to go.
  - jeremiahlee 6y ago
    The Web Monetization API standard Coil is based on does not reveal knowledge of what content is being paid for.
    - fastball 6y ago
      Sure, but the hard part of "getting paid on the internet for content" was never really "there isn't an open standard for payments!" – it was that established payment providers didn't generally want to enable transactions for certain types of content or to certain actors and/or charged prohibitive fees for the privilege of performing transactions at all.
- mirimir 6y ago
  Oh well. It is possible to go ~anonymously from cryptocurrency to "paid by credit card in US dollars". Basically you barter cryptocurrency for a credit card payment. You can do it with someone you trust. Or you can negotiate online. But then you may get a stolen card account, which might be embarrassing. I wonder if they accept gift cards.
  - jeremiahlee 6y ago
    Nothing stops someone from creating a competitor to Coil that also uses the Web Monetization API emerging standard and that competitor accepting subscriptions in another currency, including crypto. That’s one reason why it’s such a compelling idea.