Ripple Joins Global Social Impact Initiative With 1% Profit Pledge

According to Odaily, Ripple has announced its participation in the global social impact initiative, Pledge 1%. Through its Ripple Impact program, the company has committed to allocating 1% of its profits towards advancing blockchain innovation, enhancing financial service channels, expanding carbon markets, and supporting employee-driven local impact projects. Since the launch of Ripple Impact in 2018, Ripple has donated over $180 million globally. These contributions have been directed towards supporting partners and initiatives that address critical challenges. Key areas of focus include building financial resilience in emerging markets, providing humanitarian aid, and advocating for blockchain research and development within academic circles. Ripple's commitment to these causes underscores its dedication to leveraging blockchain technology for positive social change and addressing pressing global issues.