Coil allows readers, watchers and listeners to compensate content creators through micropayments. It's a model that has been tried multiple times in the industry, including the browser-focused startup Brave, which raised $35 million in an ICO last year. Thomas also cited Patreon and Flattr, but highlighted an important aspect that distinguishes Coil.

The new company, which incorporates the Interledger and Codius technologies Thomas helped develop at Ripple, is now available to try out.

Coil allows readers, watchers and listeners to compensate content creators through micropayments. It's a model that has been tried multiple times in the industry, including the browser-focused startup Brave, which raised $35 million in an ICO last year. Thomas also cited Patreon and Flattr, but highlighted an important aspect that distinguishes Coil.

The new company, which incorporates the Interledger and Codius technologies Thomas helped develop at Ripple, is now available to try out.