Ripple, a blockchain company, condemns Russia’s invasion of Ukraine and donates $1 million to non-governmental organizations.
Ripple, a well-known blockchain startup, has made a $1 million commitment to Ukrainian humanitarian organizations dedicated to assisting individuals affected by the continuing conflict.
We’re making a $1M donation (USD) to humanitarian orgs, matching employee donations 2-1, and developing a crypto-to-cash direct giving program for aid to Ukrainian families with our exchanges & NGO partners, and the global XRP community.
— Brad Garlinghouse (@bgarlinghouse) March 4, 2022
The funds will be split evenly between the United Nations Refugee Agency (UNHCR) and the World Central Kitchen.
“Ripple stands with Ukraine in the face of Russian invasion.” Today, we’re donating $1 million to @refugees and @WCKitchen to support their tremendous work to assist displaced individuals in Ukraine and nearby countries,” the blockchain company announced today.
While the UN refugee agency will use the funding to help displaced people in Ukraine and neighboring countries, the World Kitchen group, which was founded in 2010, will use its portion of the donation to feed victims of the current conflict.
In response to the move, Ripple CEO and creator Brad Garlinghouse officially opposed Russia’s invasion of Ukraine, stating the attack is “unprovoked, unjustified, and unacceptable to maintain some form of world order.”
He also stated that the corporation matches its employees’ donations to humanitarian organizations on a 2:1 scale.
While other crypto-related companies and enthusiasts have been contributing enormous sums of coins to help Ukraine, Ripple said that it will build a crypto-to-cash direct giving platform that would see these humanitarian organizations get fiat directly.
Support from the Cryptocurrency Community for Ukraine
Remember that since the beginning of Russia’s invasion of Ukraine, the worldwide cryptocurrency community has put its weight behind Ukraine, providing financial aid in the form of cryptocurrencies in an effort to mitigate the impact of the country’s current crisis.
According to a survey issued by blockchain company Elliptic, bitcoin fans have donated more than $40 million to various humanitarian operations in Ukraine.
Because of the high donations, the country announced an airdrop of Peaceful World tokens (WORLD) to donors.
The country, however, abandoned the airdrop attempt at the last minute, stating that it will instead fund its armed troops with non-fungible tokens (NFTs).