insurance

Rally

Pilot

<ul>
 <li>Blockchain meets aid: Ripple insures Kenyan pastoralists using RLUSD.</li>
 <li>Satellite data drives smarter drought relief through Ripple’s Web3 pilot.</li>
 <li>BNY Mellon backs RLUSD, signaling growing trust in stablecoins.</li>
</ul>
Ripple has completed the first phase of its blockchain-powered drought insurance pilot in Kenya, delivering a new approach to humanitarian aid. In collaboration with DIVA Donate, the program <a href="https://www.divadonate.xyz/posts/diva-conditional-donations-pastoralists-5" target="_blank" rel="noopener noreferrer nofollow">insured 517 pastoralists using RLUSD</a>, Ripple’s recently launched stablecoin, with 70% of beneficiaries being women.
The project used satellite-based vegetation data to monitor drought risk during the most vulnerable season. Since the data showed sufficient vegetation to support livestock, no payouts were triggered.
As a result, the unused RLUSD funds have been automatically rolled into the next phase, maintaining protection for the same group of beneficiaries.
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<h2 id="strong-pilot-expands-with-new-funding-and-broader-reach-strong">Pilot Expands with New Funding and Broader Reach</h2>
The next phase of the initiative will again <a href="https://x.com/Ripple/status/1943421381728731248" target="_blank" rel="noopener noreferrer nofollow">focus on Laikipia County</a>, a region known for its susceptibility to drought. With an expanded goal of covering 533 individuals, the upcoming cycle aims to offer $75 in aid per person if vegetation levels fall below the set threshold by the end of the rainy season in 2025.
This phase comes with a funding target of $40,000. The campaign has already received a boost of $12,000 in leftover funds from prior efforts led by Mercy Corps Ventures and Arbitrum.
The pilot continues to utilize RLUSD on Ethereum, with all funds held in a blockchain-based escrow system. This setup ensures transparency in donations and automates disbursements through smart contracts linked to real-world satellite data.
<h2 id="strong-bny-mellon-named-primary-custodian-for-rlusd-strong">BNY Mellon Named Primary Custodian for RLUSD</h2>
To strengthen the credibility and security of RLUSD, <a href="https://36crypto.com/ripple-taps-bny-mellon-to-secure-43t-stablecoin-reserves-for-rlusd-launch/" target="_blank" rel="noopener noreferrer nofollow">Ripple has named BNY Mellon as its primary</a> custodian. The partnership marks a notable moment as one of the world’s oldest financial institutions moves deeper into digital assets.
With RLUSD fully regulated under New York’s financial framework, the stablecoin is positioned as a trusted tool for blockchain-integrated financial services.
Ripple’s Web3 insurance pilot is setting a new standard for disaster preparedness. By merging blockchain, stablecoins, and satellite technology, the initiative offers a more transparent, efficient, and scalable solution for delivering aid to communities at risk.
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The post <a rel="noopener noreferrer nofollow" href="https://36crypto.com/ripples-web3-insurance-pilot-in-kenya-transforms-disaster-relief-for-thousands/">Ripple’s Web3 Insurance Pilot in Kenya Transforms Disaster Relief for Thousands</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://36crypto.com">36Crypto</a>.

Ripple’s Web3 Insurance Pilot in Kenya Transforms Disaster Relief for Thousands

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