Ripple, the US Crypto service service company behind the XRP Ledger, has made $ 25 million in the Ripple USD (RLUSD) in non -trading education Donorschoose and teaches for America.
According to one May 5 announcementThe grant will be processed through the Crypto Charity Intermediary Service the giving block. Donorschoose CEO Alix Guerrier said “Teachers will go to the extra mile for their students’ education, even spend hundreds of-sometimes thousands of dollars out of pocket for their classrooms.” Donations are intended to provide teachers for resources for such initiatives.
Ripple cited a 2024 gallup Survey It is shown that 55% of US parents and adults are dissatisfied with the quality of K-12 education in the United States. It features “barriers and gaps in funding for education,” the reports read. Ripple CEO said Brad Garlinghouse in the statement:
“We hope to inspire others to do the same, starting on the week of appreciation for the teacher, and leading the remaining year to support students and teachers with resources that they need to develop a stronger future for themselves and their communities.”
The CEO for America CEO Aneesh Sohoni said the new fund will allow the organization to expand the “Ignite Tutoring Fellows Program, drive a change in our reinvention lab, and provide valuable financial assistance” to prepare teachers.
Related: The Giving Block starts the disaster fund for California Wildfire victims
Charity-Fueled Charity
The cryptocurrency industry is familiar with charity donations. Last month, Binance co-founder Changpeng “CZ” Zhao pledged more than half a million dollars of crypto in the devastation of the earthquake in Thailand and Myanmar. The giving of Block forecasts Donations to reach $ 2.5 billion in 2025.
Another player in the Crypto Charity field, Blockchain for Impact (BFI), in March focused $ 90 million to advance biomedical research.
