- Ripple Labs has committed a multi-year $1 million aid to the IRC.
- The partnership will seek to leverage XRP Ledger and RLUSD in scaling aid delivery.
American blockchain payments firm Ripple Labs Inc. announced that it recently 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 the partnership, Ripple will help vulnerable communities access critical resources quickly and securely. While Ripple brings its full suite of payment solutions, IRC will contribute its years of experience in humanitarian relief.
Ripple Pledges Commitment to Community-Focused Initiatives
IRC is one of the world’s most trusted humanitarian organizations, assisting individuals affected by crises to survive, recover, and rebuild their lives. To support IRC’s humanitarian efforts, Ripple has pledged a $1 million multi-year commitment to help the organization.
This financing highlights their collaborative efforts to investigate blockchain technology in cross-border funds transfers and cash relief initiatives. The partnership also explores Ripple’s global payments network and open-sourced solutions created on XRP Ledger.
The partnership will see Ripple and IRC combine their expertise to transform aid delivery at scale. Ripple is already an established leader in compliant blockchain and cross-border payments. On the other hand, IRC has delivered humanitarian aid across over 40 countries, releasing over $70 million in cash and relief vouchers.
The partnership marks a key milestone in Ripple’s mission to leverage blockchain technology for positive global impact.
Eric van Miltenburg, SVP of Strategic Initiatives at Ripple, commented;
We look forward to learning from the IRC’s deep experience in delivering aid on the ground, which will help Ripple support humanitarian efforts at scale.
David Miliband, President and CEO of the International Rescue Committee, added, “We’re excited to partner with Ripple to explore how their technology, like stablecoins, can enhance the speed and efficiency of cash relief, particularly in regions with limited access to traditional banking infrastructure in times of crisis.”
Ripple Labs Contribution to Charity
In a recent report, the United Nations (UN) revealed 360 million people require aid amid growing global crises. Thus, the recent collaboration aims to explore Ripple’s blockchain-based solutions to enhance the speed, security, and accessibility of aid delivery. This partnership comes shortly after the United Nations Capital Development Fund (UNCDF) endorsed Ripple as a key player in a new global payments network.
It is worth noting that Ripple has supported numerous humanitarian organizations in expanding financial inclusion through its Impact program. This program supports initiatives to drive a more sustainable and economically inclusive financial system.
Ripple has donated $170 million since 2018, and its NGO partners currently operate in more than 80 countries. Moreover, the firm recently contributed $250,000 to Hurricanes Milton and Helene’s relief efforts. These contributions underscore the firm’s commitment to community-focused initiatives.
