Ripple’s Latest Announcement Puts The Good In Crypto
Okay, we understand that cryptocurrency does not contain the word âGoodâ however, it goes without saying that Rippleâs latest announcement is one that certainly does put the âgoodâ in crypto.
Ripple for Good is the latest announcement from the Ripple team. Ripple for Good aims to focus on funding new projects within education and financial inclusion. Ripple for Good came as a result of around $80 million in funding donations, with an additional $25 million coming from Ripple directly. The aim is to make the cryptocurrency and blockchain industry more inclusive for everyone. As it stands, crypto is very much a rich manâs world, Ripple want to break this barrier and make cryptocurrency education and investment a more accessible place.
According to the official Ripple announcement:
âTodayâs announcement to create an even deeper alignment with RippleWorks is another validation of Rippleâs long-standing commitment to leverage its technology, financial resources and team to improve lives. RippleWorks is thrilled to have even more of Ripple's help to solve the massive challenges facing people throughout the world.â
Ripple want to change the way money moves globally. In order to truly make a difference though, they need to develop an inclusive package that means everybody can benefit from Rippleâs technologies. Therefore, by funding better education into the sector, Ripple are assuring that more people are ready for an international roll out of XRP and Rippleâs technologies, and that they too can also afford to be a part of it.
Ken Weber, the Head of Social Impact for Ripple has added:
âWhen we reflected on the unique role Ripple could play from a social impact standpoint, we kept landing on the idea that the benefits of these new technologies should reach as many people as possible. If we are truly committed to transformative global change, we will work to help ensure that innovations in banking and global payments are available everywhere to everyone, among unbanked and underbanked populations and in economies and economic sectors that serve the greater good. Our goal is to deliver on the promise of an Internet of Value for all.â
Ripple for Good will be working alongside RippleWords, a not-for-profit side entity of Ripple that focusing on supporting social ventures that also reflect Rippleâs desire to promote social inclusion in education and finance. Doug Galen, the CEO of RippleWorks is very excited about the new Ripple for Good project, stating that:
âRipple was built upon the belief that its technology could improve lives, and they had the foresight to support RippleWorks four years ago as proof that those werenât just words. Since then, RippleWorks has worked on 70 projects in 55 countries to improve the lives of over three million patients, six million students and 250 million people. Todayâs announcement to create an even deeper alignment with RippleWorks is another validation of Rippleâs long-standing commitment to leverage its technology, financial resources and team to improve lives. RippleWorks is thrilled to have even more of Ripple's help to solve the massive challenges facing people throughout the world.â
Businesswire - Ripple for Good Press Release