Welcome to the eigth edition of my Coil income reports, which I publish monthly.
Having Coil integrated into this WordPress website enables me to receive tiny micropayments streamed to me in real time as visitors are reading my articles — provided they have an active Coil subscription.
While it is also possible to receive those payments in US dollars and many other fiat and crypto currencies, I am receiving mine in XRP, which is a cryptocurrency used for different use cases.
This Month’s XRP Balance
My XRP balance for August 2020 that I received through Coil
Last month I received a total of 6.402121 XRP, which corresponds to a decrease of -71 % compared to the previous month. With the exchange rate of XRP/EUR on the last day of the month that was worth roughly 1,51 €. That corresponds to a decrease of -68 % compared to the previous month.
This Month’s Traffic Analytics
Chart of my blog traffic analytics for August 2020
Let’s measure it against my blog traffic analytics from last month.
I had 915 visitors on my blog in the past month. That’s an increase of +27 % compared to the previous month. Divided by the amount I earned through Coil makes 0,002 € that I earned per visitor.
This balance also includes the payments that I receive from Coil subscribers watching the content that I share directly on the Coil blogging platform and my videos on Cinnamon or YouTube.
Therefore, it’s not super accurate, but sufficient for me at this point.
Another Coil Boost
Again, I’m very happy to have received another payout from the well-known Coil boost program.
On August 19, I received an extra 1538.435311 XRP, which was worth $ 466.14 at that moment. The boost program keeps being an amazing effort by Coil for new people to give web monetization a try.
I was very excited to see my own experience with Coil being picked up in an article about Ripple in the Financial Times. While I think the overall narrative of the article shows a very skeptical author, I believe it’s very cool that the topic of Web Monetization is extending its reach in this way, and that I’m actively participating in it.
You can check out all my monthly Coil income reports, which I create to track the development and perceived adoption of Coil.
Check the video for a closer look into and more comments from my side on the past month.
If you have any questions, feel free to drop them in the comments below this article.
If you are curious to find out how to integrate Coil into your own WordPress website or blog, check out my step-by-step guide on how to do it.