Ripple Labs has pledged $1 million over multiple years to IRC. This partnership aims to leverage the XRP Ledger and RLUSD to scale aid delivery.
American blockchain payments company Ripple Labs recently announced that it has partnered with the International Rescue Committee (IRC). The partnership aims to explore how Ripple’s affiliated XRP Ledger (XRPL) and its pending RLUSD stablecoin can facilitate humanitarian aid.
Through this partnership, Ripple will help vulnerable communities access critical resources quickly and securely. Ripple will provide a full suite of payment solutions, while IRC will contribute years of experience in humanitarian relief.
Ripple pledges commitment to community-focused initiatives
The IRC is one of the world’s most trusted humanitarian organizations, helping individuals affected by crises survive, recover and rebuild their lives. To support IRC’s humanitarian efforts, Ripple has committed $1 million over multiple years to support IRC.
This funding highlights the companies’ collaborative efforts to explore blockchain technology in cross-border fund transfers and cash relief efforts. The partnership will also explore Ripple’s global payments network and open source solutions built on top of the XRP Ledger.
Through this partnership, Ripple and IRC will combine their respective expertise to transform aid delivery at scale. Ripple is already an established leader in compliant blockchain and cross-border payments. Meanwhile, IRC has provided humanitarian aid to more than 40 countries and issued more than $70 million in cash and relief vouchers.
This partnership marks an important milestone in Ripple’s mission to leverage blockchain technology to positively impact the world.
Eric Van Miltenberg, Senior Vice President of Strategic Initiatives at Ripple, commented:
We look forward to learning from IRC’s deep experience in providing aid on the ground, which will help Ripple support large-scale humanitarian relief efforts.
David Miliband, Chairman and CEO of the International Rescue Committee, said, We are excited to explore how we can increase the speed and efficiency of cash relief in areas where cash relief is limited.” Supporting banking infrastructure during times of crisis. ”
Ripple Labs Charitable Donations
The United Nations (UN) has revealed in a recent report that 360 million people are in need of assistance amid a growing global crisis. Therefore, the recent collaboration aims to explore Ripple’s blockchain-based solutions to improve the speed, security, and accessibility of aid delivery. This partnership comes shortly after the United Nations Capital Development Fund (UNCDF) approved Ripple as a leading player in its new global payments network.
It is worth noting that Ripple supports numerous humanitarian organizations in expanding financial inclusion through its impact programs. The program supports efforts to promote a more sustainable and economically inclusive financial system.
Ripple has donated $170 million since 2018, and its NGO partners are currently active in more than 80 countries. Additionally, the company recently donated $250,000 to Hurricane Milton and Helen relief efforts. These contributions highlight the company’s commitment to community-focused initiatives.
