- Ripple Labs has committed multi-year support of $1 million to the IRC.
- The partnership will seek to leverage XRP Ledger and RLUSD to scale the delivery of support.
U.S. blockchain payments company Ripple Labs Inc. announced that it recently partnered with the International Rescue Committee (IRC). The partnership aims to explore how the Ripple-affiliated XRP Ledger (XRPL) and its pending stablecoinRLUSD can facilitate humanitarian aid.
Through the partnership, Ripple will help vulnerable communities access critical resources quickly and securely. While Ripple brings its full range of payment solutions, IRC will contribute its years of experience in humanitarian aid.
Ripple commits to community-focused initiatives
IRC is one of the world’s most trusted humanitarian organizations, helping people affected by crises survive, recover and rebuild their lives. To support IRC’s humanitarian efforts, Ripple has pledged a multi-year commitment of $1 million to help the organization.
This funding highlights its collaborative efforts to investigate blockchain technology in cross-border fund transfers and cash relief initiatives. The partnership also explores Ripple’s global payments network and open source solutions built on XRP Ledger.
The partnership will enable Ripple and the IRC to combine their expertise to transform aid delivery at scale. Ripple is already an established leader in compliant blockchain and cross-border payments. On the other hand, IRC has delivered humanitarian aid in more than 40 countries, releasing more than $70 million in cash and relief vouchers.
The partnership marks a key milestone in Ripple’s mission to leverage blockchain technology for positive global impact.
Eric van Miltenburg, Senior Vice President of Strategic Initiatives at Ripple, commented;
We look forward to learning from the IRC’s deep experience in delivering aid on the ground, which will help Ripple support humanitarian efforts at scale.
David Miliband, President and CEO of the International Rescue Committee, added: “We are excited to partner with Ripple to explore how their technology, such as stablecoins, can improve the speed and efficiency of cash relief, especially in regions with limited access to traditional banking infrastructure in times of crisis.”
Ripple Labs’ contribution to charity
In a recent report, the United Nations (UN) revealed that 360 million people are in need of aid amid growing global crises. Therefore, the recent collaboration aims to explore Ripple’s blockchain-based solutions to improve the speed, security and accessibility of aid delivery. This partnership comes shortly after the United Nations Capital Development Fund (UNCDF ) endorsed Ripple as a key player in a new global payments network.
Notably, Ripple has supported numerous humanitarian organizations in expanding financial inclusion through its Impact program. This program supports initiatives to drive a more sustainable and economically inclusive financial system.
Ripple has donated $170 million since 2018, and its NGO partners currently operate in more than 80 countries. In addition, the firm recently contributed $250,000 to Hurricanes Milton and Helene relief efforts. These contributions underscore the firm’s commitment to community-focused initiatives.
