- Ripple donates to COVID-19 efforts to help mitigate the effects of COVID-19
Blockchain giant Ripple and former CEO Chris Larsen, donate $5M to San Fransisco food banks. The donation stems from Ripple’s, “Ripple for Good” initiative. Ripple for Good promotes financial inclusion, blockchain education, and much more. The initiative launched in September 2018 and has made over $100M in contributions.
As COVID-19 disrupts billions of lives in an unimaginable way, every dollar helps those most vulnerable. Ripple’s $5M contribution will go a long way.
The $5M contribution will be split evenly among 5 food banks in San Fransisco/Bay Area. The food banks act as a safety net for the most vulnerable Americans. Thus, the $5M contribution will go a long way, as just one dollar will provide two meals for vulnerable families.
Chris Larsen currently sits as the Executive Chairmen of Ripple’s Board of Directors and one of Ripple’s original founders. Larsen’s net worth is a staggering $4.6B, making him the second richest figure in crypto.
Furthermore, Larsen is also known as an active philanthropist, donating millions to promote and reform education systems globally. In 2020, Larsen plans to continue philanthropy well as continue to serve at Ripple.
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