Ripple, the provider of digital asset infrastructure, has recently announced a partnership with the International Rescue Committee (IRC), one of the humanitarian organizations helping people affected by crises to survive, recover and rebuild their lives.
Ripple and the IRC will now aim to explore how Ripple’s cross-border payments solution and pending RLUSD stablecoin may be leveraged in seamless the delivery of humanitarian aid.
Ripple has notably pledged a $1 million “multi-year” commitment in order to help the IRC.
As mentioned in the recent announcement, this funding now underscores their joint exploration of blockchain / distributed ledger technology (DLT), including Ripple’s global payments network and open-sourced solutions that have been built on XRP Ledger, in two key areas: cash relief programs and cross-border fund transfers.
Ripple‘s established leadership role in compliant blockchain payments, combined with the IRC’s expertise in delivering “impactful” humanitarian aid across 40 different countries, including more than $70 million in cash and voucher relief, creates a strategic partnership with the potential to “transform aid delivery at scale.”
Via its Ripple Impact program, Ripple has reportedly supported a wide range of humanitarian organizations in expanding financial inclusion.
With the UN reporting 360 million people in “need of aid” amid growing global crises, this collaboration with the IRC aims to further that ongoing commitment by aiming to explore Ripple’s blockchain / DLT enabled solutions to enhance the speed, security, and accessibility of aid delivery.
As covered recently, Former FDIC Chair Sheila Bair, Vice Chairman of Partners Capital and former CENTRE Consortium CEO David Puth, and Ripple Executive Chair Chris Larsen have reportedly joined the RLUSD Advisory Board.
Ripple, the provider of digital asset infrastructure for financial institutions, announced its exchange partners and clients for Ripple USD (RLUSD), which is described aa an “enterprise-grade,” USD-denominated stablecoin created with trust, liquidity, and compliance at its core.
Via key partnerships, RLUSD will be available internationally for institutions and users on exchanges and platforms, including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, as well as Bullish.