earlier this year, the chief Technical ofiicer of ripple, Stefan Thomas, stepped down from his position to start a new company. The company in question is called Coil and focuses on monetary support of content through micripayments.

Notably, Stefan is known for his work on the inter Ledger Protocol is an open protocol suit that allows for the interoperability of blockchains with other ledger systems. coil aims to use this to support systems.