Ripple Pledges $1 Million to Help Top Humanitarian Organization
10/16/2024 22:36Ripple has joined forces with International Rescue Committee (IRC)
San Francisco-based enterprise blockchain company Ripple has announced a partnership with the International Rescue Committee (IRC), a prominent humanitarian organization focused on helping people affected by various crises.
As part of its collaboration, Ripple has pledged $1 million in order to explore how its products, including its RUSD stablecoin, could be used to enhance fund transfers and cash relief.
Ripple's Eric van Miltenburg claims that the recent collaboration marks "an important milestone" for the company in question.
The IRC already expects a slew of cryptocurrencies, including such meme cryptocurrencies as Dogecoin (DOGE) and Shiba Inu (SHIB). On its website, it states that crypto contributions are an "increasingly common" way to donate.
The humanitarian organization, which was founded all the way back in 1933, is operating in roughly 40 countries all over the globe. It consists of relief workers, healthcare providers, educators and other groups of employees who help to respond to the most severe humanitarian crises.
Ripple is known for its charitable efforts that are meant to boost its profile. The company has already donated $170 million since 2018. Its NGO partners currently operate in more than 80 countries.
Recently, the company also made a $250,000 contribution to help recovery efforts from Hurricanes Milton and Helene.
About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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