Ripple spotlights CARE, a leading humanitarian organization positioned as one of the major partners of Ripple for its Impact program.
Despite Ripple’s lingering lawsuit with the SEC, the San Francisco-headquartered crypto solutions company continues to partner with leading organizations to accelerate financial inclusion, combat climate change, and make a global impact.
To meet its global goal, Ripple has a service extension dubbed “Ripple Impact,” which focuses on global collaboration for a more equitable, sustainable, and inclusive economy. Ripple has donated over $170 million for this course since 2018.
The San Francisco-based payments firm recently spotlighted CARE, a humanitarian organization positioned as one of the major partners to the Impact program.
Through #RippleImpact, we partner with companies making a difference globally & locally.
Hear from Michelle Nunn, @CARE President & CEO and discover how the humanitarian aid org is exploring using #blockchain and #crypto in their relief efforts. https://t.co/T39pVedfGO
— Ripple (@Ripple) July 3, 2023
With the Ripple Impact product, the company partners with innovative fintech, universities, Non-Governmental Organizations (NGOs), foundations, and social entrepreneurs to progress toward a more open and meaningfully connected world.
Ripple shared details of an interview session with Michelle Nunn, CARE President and CEO. Notably, the world-class humanitarian relief organization, working in over 100 countries to save lives, combat poverty, and promote social justice, has been a partner of Ripple since 2020.
Remarkably, Nunn mentioned that CARE is exploring the adoption of blockchain and crypto to enhance its humanitarian aid and relief undertakings.
Ripple’s Contributions to CARE
According to Nunn, CARE was able to serve 174 million people in 111 countries with massive contributions from companies, including Ripple.
She revealed: “Ripple, for example, has supported CARE’s financial inclusion work in East Africa with women in savings groups or as we call them, Village Savings and Loan Associations.”
Nunn further noted that Ripple was the first company to fund CARE’s exploration of programs using blockchain and cryptocurrency.
“Your team helped us successfully run pilot programs in Kenya and Ecuador and better understand the potential benefits of blockchain in aid delivery and in expanding financial services for women,” Nunn said.
Reacting to these disclosures, members of the XRP community frowned at the SEC for choosing to target Ripple with a lawsuit.
Recall that the SEC filed a lawsuit against Ripple in December 2020, claiming that the cross-border payment firm sold XRP as an unregistered security. While the longstanding lawsuit lingers, top lawyer Attorney Rispoli recently predicted an end date for the SEC vs. Ripple lawsuit.
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