The Coil team has announced they will no longer be accepting new registrations for Coil memberships after 2nd February 2023 and will discontinue the micropayments subscription service as of March 15, 2023.
You can read the official statement from the Coil team here.
What does this mean for me and my GateHub hosted wallet?
This means that the Interledger (ILP) deposit option to receive funds from streaming to a GateHub hosted wallet will cease to operate and will no longer be available.
Will I be able to use my GateHub hosted wallet now that the Coil membership is discontinued and the ILP option is no longer available?
Discontinuation of your Coil subscription and removal of the ILP option has no effect on your GateHub hosted wallet's functionality, so you will still be able to use it as normal.
Even though you will no longer be able to receive streaming payments, you can continue to use the GateHub hosted wallet and platform to receive and send funds as well as exchange certain cryptocurrency pairs.
Find more information in the article:
What are other options to send funds to my hosted wallet?
You can select and send a multitude of fiat or cryptocurrencies to your wallet either by using a Card deposit option, sending fiat currency from your Bank account, or sending funds from other exchanges or wallet providers.
Find detailed instructions in the articles:
Do you have additional questions?
More detailed information regarding Coil membership discontinuation is available in FAQ provided by the Coil team.
If you need any further assistance, you are kindly invited to contact our support service.