Is Web Monetization struggling?

I just got an email from Stronghold saying Stronghold will be discontinuing Web Monetization support effective August 20, 2020.

Hi,
 

We want to make you aware of an important change to your account and payout provider options.

Stronghold will be discontinuing Web Monetization support effective August 20, 2020. 


To ensure your content stays monetized, please sign-up for Uphold or Gatehub and then update the digital wallet provider in your account settings. If this update is not made by August 20, 2020, your content will not be monetized until you select a new payout provider.


To withdraw your Stronghold balance, simply log in to your Stronghold account. Unfortunately, we cannot automatically transfer your balance on your behalf. 

Thanks again for being a Stronghold customer and your contribution to Coil and the community. Please contact us at happiness@stronghold.co with any questions or concerns.

Be well,

The Stronghold Team

Short answer, No. In fact the volume of payments we’re seeing from Coil and the number of monetized sites is constantly increasing.

To bootstrap the WM ecosystem Coil had a commercial agreement with Stronghold to host receiving accounts for Web Monetization. Since then two new wallets have joined the ecosystem Gatehub and Uphold, both of whom are better suited to this function as they are consumer facing wallets (Stronghold has more of a B2B focus).

I can’t speak for Stronghold but they may choose to continue being part of the Interledger ecosystem and focus on B2B use cases.

Thanks for the clear and transparent reply :slight_smile: