Creators of XRP token and leading American exchange firm Ripple has said it would donate $100k to fighting novel coronavirus. The Ripple COVID-19 response is a result of the ravaging effect of a global pandemic.
Since the outbreak of the novel coronavirus in Wuhan, China, the virus has continued to spread across the globe affecting many people and taking several people’s lives. This has pushed governments and private firms to make moves towards curbing the spread of the virus.
Towards relieving people the effect of the pandemic, America’s government is planning a stimulus package worth $6 trillion, Canada government likewise and other countries. However, the global community also is uniting to fight the virus.
$100,000 each to Tipping Point and Silicon Valley Foundation
Crypto exchange and remittance firm Ripple, as part of firms fronting the fight against the pandemic, has stepped in to contribute in its Ripple COVID-19 response. The firm announced through Twitter that it would donate $100K each to both Tipping Point Community and the Silicon Valley Foundation for the Covid-19 emergency fundraising.
In these challenging times, Ripple is committed to being part of the global response to the COVID-19 pandemic. We’re starting in our own backyard with $100K donations each to @tippingpoint's COVID emergency response fund and @siliconvalleycf’s COVID Regional Response Fund. (1/2)
— Ripple (@Ripple) March 25, 2020
Tipping Point for more than a decade has been a pillar of support for Non-profit organizations serving as fundraisers to provide more support for poor communities, usually vulnerable during crises similar to this. As the pandemic continues to distort the order of the working class making hourly workers lose chances of earning their wages, Tipping Point raises funds to serve the needy.
The Silicon Valley Community Foundation (SVCF), however, has been monitoring the situation since the outbreak. The foundation has partnered with several other relief organizations and governments in several places. SVCF has raised around $2 million to fight the virus and help impoverished communities fight the spread.
Outside the Ripple COVID-19 response, the firm in their tweet also gave out details for the World Health Organization (WHO) fundraisers for people or organizations interested in giving donations.
If you're interested in contributing to the global response, visit @WHO's COVID-19 Solidarity Response Fund page. (2/2) https://t.co/6EsQ9YOOpr
— Ripple (@Ripple) March 25, 2020
Ripple COVID-19 response augments other sources
Apart from the Ripple COVID-19 response, WHO COVID-19 response fund has generated around $70 million from about 187k people. WHO, alongside organizations in different countries, are helping people fight the pandemic.
Outside Ripple, several other leading crypto firms are also making efforts to fight the virus. Reportedly, Binance has organized a donation campaign primarily to donate medical supplies to hospitals and medical teams in Wuhan, China, where the virus was first discovered.
