US-based Ripple, a blockchain-powered digital currency exchange provider, is embarking on a $100 million social impact initiative called Ripple for Good, the company said in a statement.
Ripple for Good will support projects that support blockchain education and financial inclusion. Ripple said that at this early stage, it is studying some high-impact projects to choose from and to eventually finance.
“When we reflected on the unique role Ripple could play from a social impact standpoint, we kept landing on the idea that the benefits of these new technologies should reach as many people as possible," commented Ken Weber, head of Ripple’s social impact department.
He added, "If we are truly committed to transformative global change, we will work to help ensure that innovations in banking and global payments are available everywhere to everyone, among unbanked and underbanked populations and in economies and economic sectors that serve ...
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