TL;DR

• Ripple partnered with the International Rescue Committee (IRC) to support humanitarian efforts.
• The collaboration aims to improve cash relief programs and fund transfers. It also explores how the company’s upcoming stablecoin (RLUSD) can enhance aid delivery in regions with limited banking access.

Ripple’s $1 Million Multi-Year Commitment

Ripple recently collaborated with the global humanitarian organization – the International Rescue Committee (IRC). The primary goal of the partnership will be focused on helping people affected by crisis “to survive, recover, and rebuild their lives.”

Moreover, the entities will explore how Ripple’s cross-border payment solution and upcoming stablecoin (called RLUSD) can be employed in the cause.

The company will fund the effort with a $1 million multi-year commitment. “This funding underscores their joint exploration of blockchain technology, including Ripple’s global payments network and open-sourced solutions built on XRP Ledger, in two key areas: cash relief programs and cross-border fund transfers,” the announcement reads.

Speaking on the matter was Eric van Miltenburg, SVP of Strategic Initiatives at Ripple, who said the deal with the IRC marks an “important milestone” for the firm to leverage blockchain technology for positive global impact. 

“We look forward to