• Ripple has announced a $1 million donation to aid earthquake relief efforts in Türkiye and Syria.
• The funds raised will be distributed evenly among four NGOs.
• Other crypto companies and individuals, like Vitalik Buterin, have also made donations to organizations providing aid to Turkish earthquake victims.
Ripple Donates $1 Million XRP for Earthquake Relief
Ripple has announced a $1 million donation in XRP to support the ongoing relief efforts for those affected by the recent earthquake in Türkiye and Syria. The funds will be spread out among four non-governmental organizations (NGOs) with Ripple pledging an initial $250,000 and matching all crypto donations 2:1, up to $750,000.
Non-Governmental Organizations Receiving Donations
The four NGOs receiving Ripple’s donation are CARE, World Central Kitchen, Mercy Corps, and the International Rescue Committee (IRC). These organizations are actively working to provide immediate cash assistance as well as basic items such as household and dignity kits for women and girls, hygiene items, and more.
Crypto Community Unites For Efforts
Vitalik Buterin donated 50 ETH to Anka Relief, a crypto aid fund dedicated towards helping Turkish earthquake victims. He also donated 100 ETH to Ahbap – an organization that collects crypto contributions – which reports more than $4.4 million already donated via digital assets. Moreover, other crypto communities and exchanges like Tezos, Bitget Gate.io Kucoin BtcTurk Huobi OKX Binance Bybit BitMEX Bitfinex have also contributed donations towards relief efforts in Turkey & Syria after the quake occurred on February 6th resulting in over 36 thousand deaths & widespread destruction of property & livelihoods..
Ripple’s Support During Legal Troubles
As Ripple is currently awaiting a decision from U.S judge regarding their legal battle with the Securities & Exchange Commission (SEC), they have still decided to move forward with providing aid during this trying time despite their own troubles. This gesture is seen by many members of the crypto community as ripple being a good corporate citizen even under difficult circumstances; demonstrating that Ripple cares about those affected by natural disasters both at home & abroad regardless of their current legal issues.
Ripple’s generous contribution of $1 million dollars will go a long way toward providing much needed assistance for those affected by the recent earthquakes in Turkey & Syria; showing us yet again how cryptocurrency can be used for positive social impact on communities around the world when properly utilized!