According to Ripple ‘s today’s news release, the company officially launched a social impact program called ” Ripple for good. ” The project will raise $ 80 million for use as an education fund.
The press release stated that Ripple is still evaluating which projects will be part of its initiative, but chooses educational programs that may focus on science, technology, engineering and mathematics ( STEM ) and financial technology ( FinTech ).
The company said it believes education is ” a key driver in promoting broader understanding, adoption, and innovation in business, finance, computer science, policy, etc. “
As this year’s 6 Launched the University Research Program Block Chaining ( UBRI part) of, Ripple has the world’s 17donated universities 5000 million dollars, so as to blockchain contributed encryption technology and financial education.
Ken Weber, Ripple’s director of social impact, today outlined the broad prospects of the initiative, with global financial inclusion as its cornerstone.
According to reports, Ripple for Goodwill and RippleWorks cooperation, RippleWorks is an existing non-profit organization, social enterprises, and volunteers linked with expertise in various fields, and Ripple Executive chairman Chris Larsen regarded as a co-founder. According to reports, RippleWorks has so far ” 70 projects in 55 countries”.
A high-profile Ripple investor, actor Ashton Kutcher, donated $ 4 million in Ripple ( XRP ) to the Ellen DegeneresWildlife Fund this spring to make headlines. The fund is designed to support the global conservation of extremely endangered species.
Other major charitable activities this year include the non-profit field encryption program GiveCrypto.org, the plan for this year, 6 Yue encrypted by the Exchange Coinbase CEO Brian Armstrong launched. The project aims to allocate donated funds through “ direct cash transfers in the form of cryptocurrencies ” and “ providing universal access to open financial systems”.
[su_quote]This article is writing on 29 Sept 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258[/su_quote]