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Ripple: Coil’s new video streaming platform Cinnamon integrates with ILP

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Ripple/Coil/ILP: Coil announces video streaming platform, Cinnamon, integrated with ILP
Source: Unsplash

On February 21, Coil tweeted that they will be launching a video streaming platform, Cinnamon, on the Coil platform, which will be integrated with the Interledger Protocol [ILP].

Cinnamon video streaming platform will help content creators monetize their content with XRP. Coil’s tweet stated:

“We are proud to announce https://www.cinnamon.video/ which will become a video-streaming platform with exclusive content for Coil members. Huge thanks to @Coil , @Interledger and @Ripple for making it possible. Stay tuned for more!”

Ripple acknowledged Coil’s progress in their tweet, which stated:

“The #XRP ecosystem continues to grow and expand! Built on the @Coil platform, @CinnamonVideo is the first video streaming platform where content creators are paid directly by their viewers. #Xpring #InternetofValue #blockchain”

Cinnamon will easily fit into Coil’s first product, a flat-rate subscription for consumers, which will allow them to support creators, breeze past paywalls, watch fewer ads, and unlock additional features and content.

Coil uses an open API called web monetization to pay websites in real-time. This allows websites to securely reward users who have web monetization enabled, creating a self-sustaining economy.

Coil was a started by Stefan Thomas, well-known for developing the Interledger Protocol. Coil focuses on refactoring the web economy and monetizing content for content creators on the web via micropayments. Like Wietse Wind’s XRPL [XRP Labs], Coil is also supported by Xpring as it focuses on building XRP centric projects. XRP’s 4-second settlement time on the XRPL makes it perfect for monetizing content on the web.



@hodor, a prominent contributor to the XRP community tweeted:

“@CinnamonVideo, I can’t wait to sign up for your video streaming service. Time to give YouTube some competition! Congratulations. 👍
#xrpcommunity #internetofvalue #xrpthestandard”

Another Twitter user, @ridingjapan commented:

“Great, can’t wait. Have a few 100 videos to upload and YouTube needs some competition with what’s is doing to content creators”





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

Analysis

XRP vs Stellar Lumens [XLM] Price Analysis: Bulls suppress bears to push market forward

Yash Rajan

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XRP vs Stellar Lumens [XLM] Price Analysis: Bulls suppress bears to move forward
Source: Pixabay

XRP, the third largest cryptocurrency, was priced at $0.383 agfter falling 1.87% over the 24 hours, according to CoinMarketCap. XRP held a market cap of $16.121 billion and registered $1.29 billion in 24-hour trading volume for XRP.

At press time, Stellar Lumens [XLM] was priced at $0.125, after falling 1.56% over the past 24 hours. It stood ninth on the top 10 list with a market cap of $19.302 billion and $844.41 million in 24-hour trading volume.

1-Day XRP

XRP saw an uptrend from $0.331 to $0.461 and a downtrend from $0.461 to $0.388. Resistances were at $0.458 and $0.420. Support lines were located at $0.371 and $0.285.

Source: TradingView

Source: TradingView

Parabolic SAR presented a bearish trend as the markers were above the candles.

Moving Average Convergence/Divergence [MACD] indicator was undergoing a bearish crossover.

Relative Strength Index showed a relatively overbought status for the coin.

1-Day XLM

On the one-day XLM chart, the resistance line stood at $0.143 and the support lines stood at $0.115 and $0.091. It saw an uptrend from $0.133 to $0.141. XLM also saw a downtrend from $0.142 to $0.125.

Source: TradingView

Source: TradingView

Bollinger Bands displayed an increase in volatility in the market as the bands were diverging.

Awesome Oscillator presented a bullish buying opportunity.

Chaikin Money Flow indicator was above the zero-line, indicating that money was flowing into the market.



Conclusion

XRP saw a fusion of bullish and bearish trends while XLM sides with the bulls after being stalled by bears for the past one month.





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