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300M-user meme site Imgur raises $20M from Coil to pay creators

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Guest

ooo now that is interesting -- coil getting its fingers in many pies 

LIKE

Edited by Guest

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300 million monthly user meme and storytelling app Imgur wants to pioneer a way to pay creators per second that people view their content.

Today Imgur announces that it’s raised a $20 million venture equity round from Coil, a micropayment tool for creators that Imgur has agreed to build into its service.

https://techcrunch.com/2019/06/26/imgur-premium/

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1 hour ago, Naimless said:

First the Ripple/Moneygram deal and now this... muscles are starting to be flexed. :bb:

Owning XRP is about as close to being able to invest in a VC fund as you can get without actually doing so. All these ex Ripple employees are effectively pounding the pavement on our behalf for companies to utilize XRP and the surrounding tech...similarly as a VC manager would pound the pavement helping their portfolio companies get new clients to drive adoption. This is one of the reasons XRP is head and shoulders above other cryptos / DAs... Ripple and former employees actually have real business relationships (and the capital) to leverage rather than some random coder trying to walk in off the street attempting to talk to a company CEO.   

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5 minutes ago, XRPonTheIronThrone said:

Owning XRP is about as close to being able to invest in a VC fund as you can get without actually doing so. All these ex Ripple employees are effectively pounding the pavement on our behalf for companies to utilize XRP and the surrounding tech...similarly as a VC manager would pound the pavement helping their portfolio companies get new clients to drive adoption. This is one of the reasons XRP is head and shoulders above other cryptos / DAs... Ripple and former employees actually have real business relationships (and the capital) to leverage rather than some random coder trying to walk in off the street attempting to talk to a company CEO.   

Exactly, and it helps that they have xPring to provide not only financial resources, but as you alluded to, business contacts, name-recognition via Ripple, and technical and engineering support (see xPring career opportunities) to help them gain the escape velocity to grow their platform into thriving entities and businesses!!

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46 minutes ago, jabit said:

 

It seems that XRP will become a detonator that expands the user base to hundreds of millions of people and expands micropayments.

Does anyone know how XRP will be used on the platform? Will it be similar to Coil? Or adding a tipping feature?

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