In a blog post from 27th September Ripple announced that it formed Ripple for Good, whose aim is to drive social impact programmes:
Today, we’re thrilled to announce Ripple for Good , a corporate social impact program that will support mission-driven organizations and initiatives with the potential to expand financial inclusion worldwide. The program will also focus on STEM, FinTech education and financial literacy as key drivers of a new and increasingly inclusive global digital economy.
It has now over $100 million USD committed towards its goals:
With Ripple for Good, Ripple is formalizing the company’s long-term commitment to mission- and business-driven social impact, starting with an additional allocation of of $25 million in giving. This builds on the momentum of more than $80 million in donations that the company has made this year to date.
The post highlights how 2 billion unbanked people could be joined up to the global economy through cryptocurrency. There is a challenge to offer better and more robust services for the poor, as well as improving financing on a micro level.
As of publication, Ripple for Good is currently partnered with:
- University Blockchain Research Initiative
As part of Ripple’s drive towards an Internet of Value, it is evidence that major blockchains are moving away from disruptive opportunities and into solving real-world problems.