Ripple and XRP News
Ripple Launches Its Social Impact Program, Raises $105 Million In Donations
On September 27, Ripple announced the launch of a social impact program. The program “Ripple for Good” will be involved in several projects with much emphasis on education and finance inclusion. To get the ball rolling, Ripple is donating $25 million to finance the projects. The program has already received $80 million in donations making the total initial donation $105 million. According to the announcement post, Ripple is now working through different projects to determine how the money will be allocated.
Ripple Doubling Down On Its Contribution
The new Ripple for Good initiative becomes the second contribution program from the company this year. In July, the company announced the launch of the University Blockchain Research Initiative. Ripple committed $50 million which would be used to fund study programs related to cryptocurrencies and blockchain technology. Ripple has had a keen interest in supporting education and particularly financial education and blockchain development.
“In particular, Ripple for Good will focus on applications and real-world use cases with the potential for scalable social impact.”
According to the post, Ripple regards itself as a company focused on improving how money moves globally. For this reason, the company has a responsibility to contribute towards the development of the financial industry.
Ripple has continued to state that it will work with RippleWorks. This is a nonprofit co-founded by Chris Larsen and Doug Galen, it supports social ventures across multiple sectors, including financial inclusion and education. Ripple for Good is expected to build upon what RippleWorks has already established and use its criteria and workforce to identify and support different projects or organizations.
Doug Galem in an interview revealed that RippleWorks is already in 55 countries and has supported over 70 projects across the 55 countries. It is the ideal partner for Ripple for Good as it aims to be all-inclusive.
The Role of Artificial Intelligence in Crypto Trading
90% of Business Leaders Believe Crypto to Have Significant Impact on the Business, Ripple Reports
XRP Records Inflows While Investment in Crypto Goes Down by $232 Million
Lawyer John E. Deaton Says XRP Holders were Always Right as He Posts a Key Footnote
10 Best Crypto Auto Trading Platforms : Reviewed for 2023
Recent Press Release
5 Easy Loans to Get Approved For
Easy-to-approve loans are usually available within minutes or hours of your application. Unlike traditional banks and other lending institutions, lenders...
Maximizing Passive Income with NFT Investments and Cloud Mining
NFTproX is an innovative platform for buying and selling NFTs (Non-Fungible Tokens), which utilizes blockchain technology to provide investors with...
Easy Cloud Mining Passive Income with Gbitcoins
With the rise in the wide adaptability of cryptocurrencies, there is an emerging need to generate ways to earn from...
Top 15 Ways to Invest in Cryptocurrency
Investors invest in cryptocurrency because they think that as a particular cryptocurrency’s value increases, so will demand it. You can...
Stay on Top of Your Crypto Game with Live Coin Watch Mobile App
After a successful launch of its popular iOS app, Live Coin Watch is thrilled to unveil its mobile app for...