A Wave of Goodwill: Ripple Sends $1 Million XRP to Türkiye

Ripple donates $1 million to earthquake relief in Türkiye and Syria. Company pledges $250,000 and will match other donations 2:1.

People Grieving because of the earthquakes in Turkey and Syria with the destroyed buildings visible within the Ripple logo
  • Ripple has announced a $1 million donation to support earthquake relief efforts in Türkiye and Syria.
  • Ripple will pledge $250,000 and commit a 2:1 match for other donations.
  • The funds raised will be distributed evenly among four NGOs.

As Ripple awaits the decision of a U.S. judge in its legal battle with the Securities and Exchange Commission (SEC), the company has made a move to provide aid to those affected by the recent earthquake in Türkiye and Syria. 

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Joining other crypto companies and individuals in the relief efforts, Ripple has pledged to donate $1 million in XRP to four NGOs working to provide aid to affected communities.

Ripple’s Support for Earthquake Relief Efforts through NGO Donations

Ripple has pledged to support relief efforts by donating $250,000 in XRP and matching all crypto donations 2:1, up to $750,000. The earthquake, which occurred on February 6, has resulted in a staggering death toll of over 36,000 and widespread destruction of property and livelihoods. Ripple aims to make a meaningful contribution to the recovery effort in the areas via four non-governmental organizations (NGOs).

Ripple’s donation will be distributed evenly among CARE, World Central Kitchen, Mercy Corps, and the International Rescue Committee (IRC). These NGOs are working to provide immediate cash, basic items such as household and dignity kits for women and girls, hygiene items, and more to affected communities in Syria and Türkiye. Other NGOs have also reported receiving donations from noticeable crypto community members.

Crypto Community Unites to Support Turkish Earthquake Victims

On February 13th, Vitalik Buterin, the man behind Ethereum, donated 50 ETH to Anka Relief, a crypto aid fund and community dedicated to supporting Turkish earthquake victims. He also donated 100 ETH to Ahbap, an aid organization that collects crypto contributions. 

Abhap’s website states that more than $4.4 million has already been donated via digital assets. Crypto communities and exchanges such as Tezos, Bitget, Gate.io, Kucoin, BtcTurk, Huobi, OKX, Binance, Bybit, BitMEX, and Bitfinex have all aided in helping the earthquake relief efforts.

On the Flipside

  • Ripple’s $1 million donation to earthquake relief efforts in Türkiye and Syria is a positive contribution to a worthy cause, regardless of the ongoing legal battle with the SEC.
  • The involvement of other crypto companies and individuals in the relief efforts demonstrates the crypto industry’s potential to impact global issues positively.
  • While the earthquake relief efforts are important, it is also crucial for the affected communities to receive long-term support for rebuilding and recovery efforts. Organizations need to continue to support these efforts beyond the initial relief phase.

Why You Should Care

Ripple’s contribution to earthquake relief efforts showcases the potential of cryptocurrency for humanitarian aid but also emphasizes its power to unite people from different parts of the world for a common goal. Through this opportunity to donate via cryptocurrency, individuals can be part of a broader movement that leverages digital assets for positive impact.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Kyle Calvert

Kyle Calvert is a cryptocurrency news reporter for DailyCoin, specializing in Ripple, stablecoins, as well as price and market analysis news. Before his current role, Kyle worked as a student researcher in the cryptocurrency industry, gaining an understanding of how digital currencies work, their potential uses, and their impact on the economy and society. He completed his Masters and Honors degrees in Blockchain Technology within Esports and Business and Event management within Esports at Staffordshire University.