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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 membe
by contravariant 7y 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 7y agoSo not a solution for content likely to be censored or adult content. Seems like BAT is still the way to go.
- jeremiahlee 7y agoThe Web Monetization API standard Coil is based on does not reveal knowledge of what content is being paid for.
- fastball 7y agoSure, 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 7y agoOh 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 7y agoNothing 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.