Coil is established to build a better business model for the Web, offering a simple way to share content online while getting paid for it. It makes it easy for creators, publishers, and platforms to monetize their content across the internet and provides a substitute for advertising and site-by-site subscription models. Coil uses a proposed open web standard called Web Monetization to stream micropayments to individual creators and websites in real-time.
Web Monetization enables streaming micropayments to instantly flow to websites as you read, watch and listen.
Coil was intentionally built using open technology to ensure compatibility with competing services and any currency so that the publishers, platforms, and creators have more freedom of choice now and in the future.