What happened with the Web Monetization API?
AI summary of the linked articleThe Web Monetization API, which would let users send small payments to websites with a click, has an uncertain future after Coil, the main startup promoting it, failed. Coil handed Interledger's future development to the Interledger Foundation, and PPK is now DevRel for the foundation. According to an update, the API will connect to an online wallet powered by fynbos, which links to banks and credit cards rather than crypto. Removing ads is named as the most basic use case, and sites would need to know quickly whether a user is paying at the required level. |
1 comment  The Interledger Protocol and Web Monetization “standards” became entirely too captured by the cryptocurrency world to ever truly grow into this, which is sad/unsurprising. I wish someone would resurrect the effort without the Web3 scam tech, and give us a pathway of indie support on par with festivals and art halls. This is such a roadblock to so many small operations; from illustration to journalism to games to comics—owning our own sites isn’t enough if still under current monetary pathways. [1] This is actual bullshit. I have personally been involved in the Interlegder Protocol w3c group as my colleague at BigchainDB had co-chaired it (Dimitri de Jonghe) and to suggest "it became captured" is just plain false. Stefan Thomas, THE first maintainer of bitcoin.js and later CTO of Ripple, led that entire community. Interledger was specifically an abstracted version of a coin swap that Ripple pledged to implement. We at BigchainDB had an interest in that because it furthered our value prop for B2B customers. They (Interledger/Ripple) organized events all around the world to champion this, so it seems to be really misleading that this was "captured by web3 scam." It was actually founded by those people and would otherwise not exist. |
