Wietse Wind, the creator of the micropayment service, XRP Tip Bot tweeted the news that the deposits on the platform, including Coil, have surpassed the 10,000 figure in XRP. Wind also wrote that the progress is a landmark in the success journey of the STREAMing micropayments and web monetization. The post read:
“Looks like @xrptipbot’s ILP/@Coil deposits just blazed past 10 000 XRP in record time. What a great landmark for for Streaming micropayments and #WebMonetization. It will be 100 000 soon.”
He also posted the stats of the XRP TipBot deposits where the accurate number was displayed at 10475.612 XRP under Coil deposits.
Another fate-changing success was witnessed by the service when the creator developed an app for the platform that received approval from Apple and Google stores in October. The app has all the convenient features, such as show/hide balance, sync contact, browse through the transaction history and more. The app has currently reached over 2,000 activated user accounts due to the Apple and Google store approval.
Earlier this year, XRP Tip Bot saw its integration with Coil that made the STREAMing of micropayments possible. STREAM, which is an abbreviation for Streaming Transport for the Real-time Exchange of Assets and Messages means – transaction of small amounts done in a continuous flow. This could lead to exceptional services, for instance, paying only for the duration of videos that a user has streamed.
The micropayment service has also enabled users to support the websites and content they find the most credibility in. The users can also use the service to tip their family members, friends, acquaintances and artists of their choice over Twitter, Reddit and Discord.
Squirrel Master, a Twitter user and a crypto-follower follower on news commented:
“Darn it. Still no ILP deposits. Maybe I need to change from adventure documentation videos to $XRP videos to capture coil users LMAO.”
Another cryptocurrency and blockchain space enthusiast, Nick also posted:
“I’m keeping track of it’s growth. Not looking bad :)”
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Ripple: SCB Thailand asks crypto-enthusiasts to wait for announcement regarding XRP adoption
The nascent field of cryptocurrencies has been seeking major mainstream adoption, especially from financial institutions. Ripple, the native company of the third largest cryptocurrency, managed to promote its services and would provide payment services to the oldest Thai bank, Siam Commercial Bank [SCB].
The bank however, has not confirmed whether it would be making use of XRP. The Bank had informed its approach towards blockchain technology in various industries and the XRP community rejoiced after rumours of XRP adoption surfaced. However, when a Twitter user asked about the bank using XRP, SCB replied,
“We will be using Blockchain Technology for ripple but as for XRP, you may have to wait for further announcement.”
However, another Twitter user, @_bjb, jumped the gun when he saw the following on SCB,
SCB transfers via Ripple. And with that we have mainstream adoption in Thailand. pic.twitter.com/n9QRt5Uq7X
— ₿ryan (@_bjb) May 18, 2019
The user then shared that when he went to use the service, he was informed that the service will be available soon. SCB Thailand apologized for the inconvenience through a tweet and informed all users,
“The information about ripple transfer will be announced soon, we are sorry for the inconvenience.”
The bank also stated that at the moment, it was using Ria Ripple transfer for banks in Japan and that users and crypto-enthusiasts will have to wait for an official announcement.
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