Ripple Lab Extends Philanthropic Gesture Using XRP as Part of Crypto Donation Options

Ripple Shifts 250 Million XRP: What Does It Mean for Investors?

Ripple Labs, a renowned tech and leading Blockchain company, has announced that it will join Jared Isaacman, the CEO of Shift4, in an ongoing crypto donation for the Maui Emergency Response Fund.

Ripple  Labs announced through their official Twitter account yesterday shortly after charity platform The Giving Block added XRP as one of its crypto donation alternatives.

In the tweet, Ripple said, “the next $50K in any crypto donations made to the Maui Relief Fund will be matched 200%.”

Charitable Organizations Rally to Aid Maui Wildfire Victims with Relief Efforts

It’s worth highlighting that Ripple’s initiative aims to motivate members of the crypto community to contribute to the Maui emergency relief project. This effort comes in response to a devastating wildfire that occurred on Maui, Hawaii, less than a month ago. Tragically, this disaster has been linked to the reported loss of almost 115 lives, with an additional 350 individuals still unaccounted for.

The wildfire also resulted in extensive damage to people’s homes and livelihoods. As expected, various charitable organizations, including the Hawai’i Community Foundation, have announced their own fundraising efforts to assist the wildfire victims.

Related article: Ripple Co-founder Criticizes Gensler’s Regulatory Approach and Lack of Clarity

To provide some context, The Giving Block established the Maui Emergency Response Fund, a cryptocurrency-focused charity platform with the goal of raising $1 million. This fund is intended to support various charitable entities dedicated to aiding the residents of Maui in their relief endeavors.

It’s noteworthy that The Giving Block has successfully generated $141,711 for this initiative. Of this total amount, $70,855.88 was contributed by generous donors, and the remaining half was matched as part of the fundraising effort.

According to the announcement, The Giving Block will distribute all donations equally to the humanitarian organizations working to provide relief for Maui residents.

“To assist in these urgent relief efforts, consider making a donation to our fund. Your generous gift will support numerous charities providing emergency medical care, food, shelter, and other forms of aid,” The Giving Block added.

Ripple’s Previous Acts of Philanthropy

Meanwhile, Ripple has participated in different charitable causes since its inception. As reported, the leading blockchain company donated $1 million in XRP to provide relief for earthquake victims in Syria and Turkey.

Related also: Is Ripple the New Apple, Amazon, or Google? Insights from a Wealth Manager

In March, Ripple also partnered with Great Ormond Street Hospital Children’s Charity (GOSH Charity) to support cancer care.

Aside from the abovementioned, Ripple has also made other charitable donations, including donating $50M to universities around the world.

This new move by Ripple Labs is totally commendable and worthy of note,it can also be a great move to drive better adoption rates of XRP as a financial and exchange commodity.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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