Ripple Will Donate $200,000 To Help The World Amid Coronavirus Outbreak

March 27, 2020 3:42 PM UTC

After massively striking mainland China and then Europe, COVID-19 is now headed towards the United States. As reported earlier, the US officials are concerned about the fleet spread of the pandemic. The US Senate is going to approve a massive $2 trillion economic stimulus package to support the US economy.

Blockchain and cryptos are the frontline worries in the battle against the Pandemic. Several firms have started using the blockchain technology amid the outbreak. 

To gather donations, the Italian Red Cross, a charity organization, is now using blockchain technology to bring transparency. Folding@homes, a blockchain firm, announced to develop a scattered GPUs network to support researchers to diagnose COVID-19.

Ripple Labs Makes Donations while Pandemic Is Spreading

Similarly, Ripple labs step forward and declared a donation of $200k to help halt the widespread of COVID-19 in the US.

The Labs posted a tweet:

“In these challenging times, Ripple is committed to being part of the global response to the COVID-19 pandemic. We’re starting in our own backyard with $100K donations each to @tippingpoint’s COVID emergency response fund and @siliconvalleycf’s COVID Regional Response Fund. (1/2)”

As published in a tweet, Ripple will donate $100k to the Tipping Point, a San Fransisco California non-profit firm that aims to fight against poverty in the Bay Area; In response to the COVID-19 initiative, the firm aim to raise $1 million funds.

The remaining $100K will be donated to the Silicon Valley Community Foundation’s, the firm that supports those who have numerous obstacles in Silicon Valley. 

Social Platform Scams Increase

After several non-profit firms have come forward to help, cryptocurrency scam organizations have also surfaced the internet. A YouTube account portraying Ripple CEO, Brad Garlinghouse, recently published a deceitful crypto airdrop.

Brad warned in a tweet post:

“Enough is enough — in a time of global crisis, when people are especially vulnerable — social platforms need to hold scammers (crypto and otherwise) accountable for stealing money from innocent victims with fake giveaways.”

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