Millions

Impact

Force

<figure><img src="https://u.today//sites/default/files/styles/1200x900/public/2023-06/35935.jpg" alt="Cover Image" width="800"
 height="500">
 <figcaption>Cover image via <a href="https://u.today/">U.Today</a></figcaption>
 </figure>In a noteworthy development, Ripple, a prominent cryptocurrency payment company, recently published a comprehensive report entitled <a href="https://ripple.com/files/ripple-impact-report-2022.pdf">"Fintech as a Force for Good."</a> This report sheds light on Ripple's accomplishments through its Ripple Impact initiative, focusing on environmental, social and governance (ESG) practices.<a href="https://u.today/ripple-ceos-speech-hints-at-pro-xrp-outcome-in-sec-battle-says-lawyer">card</a>The report highlights the area of financial inclusion, wherein <a href="https://u.today/ripple-ceos-speech-hints-at-pro-xrp-outcome-in-sec-battle-says-lawyer">Ripple</a> has allocated $25 million since 2018 to support multiple NGOs dedicated to promoting global financial inclusivity and equity. A total of 49 investments have been made to achieve this goal.Additionally, the report explores the topic of research and innovation regarding blockchain technology. Ripple has invested a substantial $80 million in bolstering blockchain and fintech education, research and innovation. Through initiatives like the University Blockchain Research Initiative (UBRI), Ripple has sponsored numerous fintech courses, totaling 433 new or expanded offerings.<a href="https://u.today/ripple-ceo-genslers-pro-innovation-stance-is-a-farce">card</a>Sustainability and climate action are additional key focuses in the report. <a href="https://u.today/ripple-ceo-genslers-pro-innovation-stance-is-a-farce">Ripple</a> has shown its commitment to this cause by allocating $100 million to modernize and scale global carbon markets and removal initiatives. Moreover, the company has invested $15 million in advanced market commitments for carbon removal, highlighting its dedication to addressing climate change.<blockquote class="twitter-tweet">.<a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> is putting its money where its mouth is <a href="https://t.co/lzOofj97Tt">https://t.co/lzOofj97Tt</a>— U.Today (@Utoday_en) <a href="https://twitter.com/Utoday_en/status/1527327076260274179?ref_src=twsrc%5Etfw">May 19, 2022</a></blockquote>The report also highlights Ripple's corporate program, showcasing instances where <a href="https://u.today/xrp-dogecoin-doge-prices-jump-heres-what-led-significantly-to-market-recovery">Ripple</a> employees have supported 344 NGOs, contributing over $1 million in personal donations, which were matched by the company.<a href="https://u.today/ripple-invests-100-million-into-combating-climate-change">card</a>Lastly, the report mentions Ripple's global philanthropy efforts, with the company donating $26 million in 2022 to philanthropic causes through its network of NGO partners.

Ripple Unveils Major Report: Here's Where Company Spent Hundreds of Millions

U_Today

Andere artikelen gepubliceerd op 8 jun 2023

Cathie Wood’s Ark Invest Buys the Coinbase Dip

Investors turn to stablecoins over BTC and ETH amid the increasing regulatory scrutiny

Japanese Megabank Mitsubishi UFJ to Launch Stablecoin Issuance Platform in 2024

Binance Lawyers: Gary Gensler once offered to serve as an advisor to Binance

Codego Launches the New Era of Crypto Gift Cards

Almost $1 Billion out of Binance in 24 Hours: Here's Main Beneficiary

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!

Ripple Unveils Major Report: Here&#039;s Where Company Spent Hundreds of Millions