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Ripple Makes Sizable Donations to Fight COVID-19 Pandemic

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Thu, 03/26/2020 - 06:08
Alex Dovbnya
Ripple makes a $200,000 donation to fight the coronavirus pandemic after transitioning to remote work
Cover image via stock.adobe.com
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Ripple has joined the growing list of companies that are fighting the coronavirus epidemic. The blockchain giant has made an announcement about donating $200,000 to San Francisco-based nonprofit Tipping Point Community and the Silicon Valley Community Foundation.

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Ripple enables remote work 

As reported by U.Today, Ripple became part of the mass remote working trend in order to flatten the spread of the deadly coronavirus that already has more than 470,000 confirmed cases worldwide. Brad Garlinghouse, the CEO of Ripple, made it clear that the company prioritized the well-being of its team. 

With that being said, Ripple continues to support its customers during these tough times. While world economies are basically shutting down one by one to battle the virus, there is a great need for transferring money around the globe, according to Garlinghouse. 

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More charitable efforts

Binance Charity, the blockchain-based donation platform of one of the world’s leading crypto exchanges, recently kicked off the Crypto Against COVID campaign. Binance set the ball rolling with a hefty $1 mln contribution. 

On March 12, the Italian Red Cross launched a Bitcoin fundraising campaign to fight the disease. At press time, it has managed to collect more than $21,000, which significantly exceeds its initial target of $10,000. 

About the author

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.

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