Ripple and The Giving Block have partnered to allow Americans to donate XRP and RLUSD to support education. This initiative aims to quickly and efficiently provide resources to classrooms in the U.S.
Goals and Initiative
The Giving Block helps nonprofits accept crypto donations and convert them into usable funds. This allows donors to support classrooms and teachers with digital currencies.
Ripple's History in Education
Since 2018, Ripple has donated over $200 million to universities and nonprofits around the world. This latest initiative focuses on bringing more resources to U.S. classrooms quickly and efficiently. Pat Duffy, co-founder of The Giving Block, said, “We’re proud to partner with Ripple to empower nonprofits like DonorsChoose and Teach For America with the tools they need to fundraise in the digital age.”
Popularity of Stablecoins in Charity
There are trends of growing popularity for stablecoins like RLUSD for charity due to their speed, low fees, and availability. In 2022 and 2023, stablecoins were the most donated cryptocurrencies on The Giving Block’s platform.
The Ripple and The Giving Block initiative demonstrates the growing role of cryptocurrencies in charity and the possibility of quick and effective funding for educational projects in the U.S.
