Altcoins
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Former Ripple CTO Stefan Thomas revealed that he is working on a new project that plans to use XRP.
Coil CEO Stefan Thomas has tweeted that he is working on a network of peer-to-peer micropayments. It will initially use the XRP cryptocurrency to settle transactions, but Thomas says there are plans to add Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies in the future.
The former CTO of Ripple claims that this is his most ambitious project since he wrote his own bitcoin implementation called BitcoinJS. This is not his first project that is related to the use of XRP and XRP Ledger.
Thomas, an early adopter of Bitcoin, joined Ripple in 2012 when the company was still a small startup. Thomas joined Ripple as a senior engineer who was responsible for working on the Ripple client, the implementation of the company’s first client application. In June 2013, he was appointed CTO of Ripple.
The programmer left Ripple back in 2018 to focus on Coil, a web monetization platform backed by Ripple.
He also came under the spotlight in January 2021 after he told the New York Times that he was unable to access his cryptocurrency wallet, which contained about $220 million. For almost a decade, he unsuccessfully tried to access the wallet.
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