The Ripple blockchain has said it will donate a $1 million humanitarian fund in crypto to support non-governmental organizations (NGOs) providing relief to the earthquake victims in Turkey and Syria.
Ripple announced this intention early today on Twitter, stating the $1 million offering will be in two parts. The first will be $250,000 in XRP tokens, while the $750k left will be to match other donations from the crypto community in a ratio of 2:1.
Ripple also noted that the fund support would be shared equally among four NGOs — CARE.org, Mercy Corps, and International Rescue Committee (IRC), as well as World Central Kitchen, which works with local chefs and restaurants to feed survivors and first responders.
Notably, other blockchains like Avalanche and Ethereum have also contributed to humanitarian support in Turkey and Syria.
In the last six days, major crypto exchanges, including Binance, Bitfinex, OKX, and Kucoin, have pledged over $9 million in donations to aid the victims of the massive earthquakes that hit Turkey and Syria early this month.
Binance, the largest crypto exchange, airdropped $100 in BNB, or 1,883 in Turkish lira, to its users in the Turkey earthquake regions. According to official reports, the total donation was $5 million, equivalent to 94 million Turkish lira.
In a related development, the Ukrainian government and NGOs supporting the military have raised over $63 million through more than 120,000 crypto asset donations since the start of the Russian invasion.
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Source: Cryptocurrency - investing.com
