Former Ripple CTO Teases New Project That Will Use XRP

Alex Dobnya

Former Ripple CTO Stefan Thomas Is Working On An XRP-Powered Micropayment Network

Coil CEO Stephen Thomas We announced on Twitter that we are working on a peer-to-peer micropayments network.

Initially using the XRP cryptocurrency to settle transactions, Thomas claims there are plans to add Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies in the future. increase.

The former Ripple CTO claims this is his most ambitious project since creating his own Bitcoin implementation called BitcoinJS.


One of Bitcoin’s early adopters, Thomas joined Ripple all the way back in 2012 when Ripple was still a small startup. Thomas joined Ripple as a Senior Engineer where he worked on the company’s first client application implementation, the Ripple Client. In June 2013, he was named Chief Technology Officer of his Ripple.

The San Francisco-based programmer left Ripple in 2018 to focus on Coil, the Ripple-supported web monetization platform.

As Reported by U.Today, a Germany-based programmer stepped into the limelight in January 2021 after he told The New York Times he could not access a cryptocurrency wallet containing about $220 million. Attempted access failed, but in vain. Thomas’ story is a wake-up call for those who want to take control of their cryptocurrencies.

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