Impactful Ripple (XRP) 2023 Impact Report Released
Ripple (XRP) has recently unveiled its 2023 Impact Report, showcasing the continuous efforts and progress made in various areas since its inception in 2018. This report highlights Ripple’s commitment to promoting financial inclusion, advancing blockchain education, and contributing to sustainability initiatives.
Key Highlights of the Report
- Over $185 million donated by Ripple since 2018
- $25 million allocated for grants in 2023
- Tokenization of 1 million carbon credits on the XRP Ledger (XRPL)
- Partnerships with 56 global universities
- Funding for over 1,100 blockchain research papers and technical projects
- 77% employee participation rate in giving and volunteering programs
Empowering Financial Inclusion
Ripple’s dedication to supporting financial inclusion is evident through collaborations with NGOs like the Mojaloop Foundation and the Lab for Inclusive Fintech at the University of California, Berkeley. Noteworthy achievements include partnering with Mercy Corps Ventures to invest in early-stage companies and launching pilot programs benefitting over 3 million underserved individuals in 2023.
Advancements in Blockchain Research & Innovation
The University Blockchain Research Initiative (UBRI) expanded to include seven additional universities worldwide. Ripple’s distribution of $6.7 million in grants enabled the awarding of scholarships and fellowships, as well as the publication of numerous research papers and technical projects. The UBRI Connect conference in Toronto witnessed increased interest in blockchain education.
Commitment to Sustainability & Carbon Markets
Setting ambitious targets, Ripple aims to achieve net zero emissions by 2030. In 2022, the company pledged $100 million for global carbon market advancement. Investments in carbon removal projects, grants to climate-focused NGOs, and the establishment of Centigrade, an open data platform for carbon credits, demonstrate Ripple’s commitment to environmental sustainability.
Employee Engagement and Community Impact
Ripple’s corporate philanthropy efforts were acknowledged by being listed in People’s “100 Companies that Care” for 2023. Recognized at the 2023 San Francisco Corporate Philanthropy Awards, Ripple doubled employee participation in community volunteering and donations through its matching program. Additionally, a new partnership with Great Ormond Street Children’s Hospital Charity in London was established.
Global Philanthropy and Response to Crises
In 2023, Ripple disbursed $25 million in grants to support over 70 universities and nonprofits through multi-year funding agreements. The company also responded to humanitarian crises such as earthquakes in Turkey and Syria, and the wildfire disaster in Maui, Hawaii, demonstrating a commitment to global and local impact.
Continued Commitment to Positive Global Change
Ripple pledges to continue fostering partnerships and initiatives aimed at making a positive difference on a global and local scale in 2024 and beyond.
Hot Take: Ripple’s Ongoing Impact and Commitment to Change
As Ripple’s 2023 Impact Report demonstrates, the company’s commitment to financial inclusion, blockchain education, sustainability, and community engagement remains unwavering. With a strong focus on creating a positive impact globally and locally, Ripple’s initiatives and partnerships continue to drive meaningful change in the crypto space and beyond. Stay tuned for more groundbreaking developments from Ripple in the coming years!
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