{"id":14694,"date":"2024-10-17T23:55:06","date_gmt":"2024-10-17T23:55:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=14694"},"modified":"2024-10-17T23:55:06","modified_gmt":"2024-10-17T23:55:06","slug":"ripple-joins-forces-with-the-irc-to-help-crisis-affected-people-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=14694","title":{"rendered":"Ripple Joins Forces With the IRC to Help Crisis-Affected People (Details)"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Ripple partnered with the International Rescue Committee (IRC) to support humanitarian efforts.
\nThe collaboration aims to improve cash relief programs and fund transfers. It also explores how the company\u2019s upcoming stablecoin (RLUSD) can enhance aid delivery in regions with limited banking access.<\/p>\n

<\/a><\/span><\/h2>\n

Ripple\u2019s $1 Million Multi-Year Commitment<\/h2>\n

Ripple recently <\/span>collaborated<\/span><\/a> with <\/span>the global humanitarian organization \u2013<\/span> the International Rescue Committee (IRC). The <\/span>primary goal of the partnership will be focused on helping<\/span> people affected by crisis \u201cto survive, recover, and rebuild their lives.\u201d<\/span><\/p>\n

Moreover, the entities will explore how Ripple\u2019s cross-border payment solution and upcoming stablecoin (<\/span>called<\/span> RLUSD) can <\/span>be employed<\/span> in the cause.<\/span><\/p>\n

The company will fund the effort with a $1 million multi-year commitment. \u201cThis funding underscores their joint exploration of blockchain technology, including Ripple\u2019s global payments network and open-sourced solutions built on XRP Ledger, in two key areas: cash relief programs and cross-border fund transfers,\u201d the announcement reads.<\/p>\n

Speaking on the matter was Eric van Miltenburg, SVP of Strategic Initiatives at Ripple, who said the deal with the IRC marks an \u201cimportant milestone\u201d for the firm to leverage blockchain technology for positive global impact.\u00a0<\/span><\/p>\n

\u201cWe look forward to learning from the IRC\u2019s deep experience in delivering aid on the ground, which will help Ripple support humanitarian efforts at scale. By combining our full suite of payment solutions with the IRC\u2019s expertise, we aim to help vulnerable communities access critical resources quickly, securely, and at scale,\u201d he added.<\/span><\/p>\n

David Miliband, President and CEO of the International Rescue Committee, also chipped in. He said the humanitarian organization is open to exploring innovative solutions that could help <\/span>communities in need<\/span>.\u00a0<\/span><\/p>\n

\u201cWe\u2019re excited to partner with Ripple, a trusted leader in blockchain payments, to explore how their technology, like stablecoins, can enhance the speed and efficiency of <\/span>cash-relief<\/span>, particularly in regions with limited access to traditional banking infrastructure in times of crisis,\u201d he said.<\/span><\/p>\n

Ripple and Mercy Cops<\/span><\/h2>\n

This<\/span> is not the company\u2019s first collaboration with a well-known humanitarian entity. In 2020, it <\/span>announced<\/span><\/a> a $10 million contribution to Mercy Cops \u2013 an organization that operates in conflict zones, natural disaster areas, and regions facing poverty. Ripple\u2019s funding aimed to \u201cexpand financial inclusion and increase economic empowerment globally.\u201d<\/span><\/p>\n

Following the partnership, Mercy Cops started supporting solutions that leverage digital financial technologies to bring people from emerging markets into the global economy.\u00a0<\/span><\/p>\n

\u201cThe existing financial system is fragmented, antiquated, and exclusionary \u2013 leaving 1.7B people unbanked and disproportionately excluding women.<\/span><\/p>\n

Emerging fintech, crypto, and blockchain technologies have the potential to radically transform it<\/span>, but there<\/span> are substantial risks for the world\u2019s most vulnerable people if their needs are not taken into consideration as these new technologies are designed and deployed,\u201d Scott Onder, Senior Managing Director at Mercy Corps Ventures, said at the time.<\/span><\/p>\n

The post Ripple Joins Forces With the IRC to Help Crisis-Affected People (Details)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Ripple partnered with the International Rescue Committee (IRC) to support humanitarian efforts. The collaboration aims to improve cash relief programs and fund transfers. It also explores how the company\u2019s upcoming stablecoin (RLUSD) can enhance aid delivery in regions with limited banking access. Ripple\u2019s $1 Million Multi-Year Commitment Ripple recently collaborated with the global humanitarian […]<\/p>\n","protected":false},"author":0,"featured_media":14695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14694"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14694"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/14695"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}