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Ripple promises $1 million XRP to aid earthquake relief in Turkey and Syria

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On February 15, Ripple tweeted that it promised to provide XRP of US $1 million to support non-governmental organizations providing earthquake relief in Türkiy…

Ripple promises $1 million XRP to aid earthquake relief in Turkey and Syria

On February 15, Ripple tweeted that it promised to provide XRP of US $1 million to support non-governmental organizations providing earthquake relief in Türkiye and Syria.

Ripple promised to provide 1 million US dollars XRP to support earthquake relief activities in Türkiye and Syria

Interpretation of the news:


Ripple, a popular blockchain company, recently made a charitable promise to donate XRP worth $1 million to non-governmental organizations (NGOs) providing earthquake relief in Turkey and Syria. The announcement was made via Ripple’s official Twitter page on February 15, 2021.

The donation will be made through the company’s social impact program, Ripple for Good, which aims to help people and communities that are underserved and financially excluded. The program has supported various charitable causes in the past, including education and financial inclusion initiatives in developing countries.

The decision to aid earthquake relief in Turkey and Syria is timely as both countries have been hit by recent earthquakes resulting in the loss of lives and destruction of property. In Turkey, the 6.8 magnitude earthquake that struck the city of Elazig on January 24, 2020, claimed over 40 lives and left thousands injured. Similarly, in Syria, the war-torn country has witnessed several earthquakes, with the most recent being a 4.6 magnitude earthquake in the northern region of Aleppo on February 12, 2021.

The donation of XRP will be used by the NGOs in Turkish and Syrian communities to provide basic necessities such as food, water, and shelter to those affected by the earthquakes. The use of XRP in charitable donations is not new, as the cryptocurrency has been championed as a means of making cross-border and charitable donations more efficient and transparent. Ripple’s XRP is one of the fastest and most trusted cryptocurrencies, with high liquidity, making it easier to convert into local currencies.

Overall, Ripple’s donation is a noble gesture towards providing immediate relief to individuals and communities affected by the earthquakes in Turkey and Syria. Furthermore, the use of XRP in the donation process showcases the potential of cryptocurrencies in promoting charitable causes, especially in areas where traditional financial systems might be limited or inadequate.

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