Ripple (XRP) Makes History with Donation and more

Ripple (XRP) Makes History with Donation and more

$29 Million Donation

The cryptocurrency company Ripple (XRP) made a $29 million dollar donation to DonorsChoose.org. This unprecidented amount marks the largest sum of money ever donated to DonorsChoose.org. 

That $29 million funded all 35,000+ of their classroom project requests. 

Our donation fulfilled every request listed on the nonprofit’s website yesterday. Today, nearly 30,000 public school teachers in every state and approximately one million students are receiving books, school supplies, technology, field trips, and other resources vital for learning through DonorsChoose.org.

 

You can join us by contributing to the new projects that teachers are already creating on DonorsChoose.org. As part of the #BestSchoolDay campaign, you can give to teachers and students within your community, where you grew up or just because they inspire you.

In Ripple’s news release they stated the reason for the donation:

As a company, we’re focused on removing the friction from cross-border payments to promote more inclusion and accessibility within the global economy. DonorsChoose.org applies the same principles of inclusion and accessibility to education.

 

We’re proud to be working with DonorsChoose.org to nurture the next generation of leaders at public schools across America.

It was announced on The Late Show with Stephen Colbert, who is a supporter of DonorsChoose.org.

A video was released featuring Charles Best, the Founder of DonorsChoose.org and Monica Long, SVP of Marketing at Ripple to inform the public of the donation which according to Charles was bigger than anything they have announced before.

Uphold adds buy and sell options for Ripple

Digital payments startup Uphold announced Wednesday that it has added support for Ripple’s XRP cryptocurrency.

XRP joins Uphold’s existing list of currencies and cryptocurrencies that can be bought or traded, with bitcoin, ethereum and bitcoin cash, among others, already on the menu.

According to vice chairman J.P. Thieriot, the move follows a Twitter poll earlier this month that indicated XRP was the most-desired token to be added, taking 51 percent of just over 12,000 votes. It also comes following a $57.5. million investment from former Ripple chief risk officer Greg Kidd in January, and Uphold’s acquisition of mobile commerce platform Cortex MCP a month later.

“Generally we have to find counterparties we can trade with, given our system, [since] we don’t have an internal orderbook. We have to create an integration with a third party. In the case of XRP, it’s an entirely new blockchain – it’s not like adding an ERC-20 token, which is relatively trivial for us.”

XRP can be exchanged with no fees being charged, and can be traded or used in transactions across Uphold’s existing offerings, according to statements. These include seven cryptocurrencies and 23 fiat currencies, on top of four precious metals.

According to Uphold, the next phase of support involves integrating with the Ripple network itself, enabling direct deposits and withdrawals via the mainnet. The company said that this should be rolled out in the next few weeks.

Leave a Reply