Leading Silicon Valley blockchain company Ripple has donated substantially to help earthquake victims in Syria and Turkey.
In a tweet today, Ripple said it would donate $1 million to NGOs providing relief for victims of last week’s devastating earthquake in both countries.
According to Ripple, the donation will be made through a relief fund set up by Crypto for Charity. Ripple said it would donate $250K in XRP and match all crypto donations 2:1, up to $750K.
The move by Ripple to match all crypto donations 2:1 is part of an effort to encourage crypto community members to also donate to the cause.
We are committing $1M in XRP to support NGOs providing earthquake relief in Turkey and Syria – through a relief fund on @crypto4charity_ and are donating $250k USD in XRP and will also match 2:1 all crypto donations here, up to $750k USD. https://t.co/5baCiawOJr
— Ripple (@Ripple) February 14, 2023
The prominent blockchain company noted that the funds would be shared among the four leading NGOs providing humanitarian aid to victims of the earthquakes. The NGOs include Mercy Corps, CARE, World Central Kitchen, and the International Rescue Committee (IRC). Ripple revealed that the funds would be distributed equally to all four NGOs.
The development comes less than two weeks after a 7.8 magnitude earthquake struck Turkey and Syria on February 6, killing more than 33K people. Aside from the loss of human lives, the earthquake also led to the destruction of properties and people’s means of livelihood.
The unfortunate incident has prompted people to donate to NGOs providing humanitarian aid to earthquake victims. Earlier this week, Ethereum co-founder Vitalik Buterin donated $233K worth of ETH to assist victims of the devastating earthquake.
Buterin sent the funds to two NGOs, Anka Relief and Ahbap. He first sent 99 ETH worth around $150K to Ahbap on February 11. Followed by the first donation, Buterin again donated 50 ETH worth $75K to Anka Relief the following day.