Ripple commits $25M to US school nonprofits
The grant to education nonprofits DonorsChoose and Teach For America is in Ripple USD and aims to support teachers, students and innovation in education.
Update, May 6, 6:58 am UTC: This article has been updated with comments from Ripple’s senior vice president of strategic initiatives, Eric van Miltenburg.
Ripple, the US-based crypto services firm behind the XRP Ledger, has committed $25 million in Ripple USD (RLUSD) to education nonprofits DonorsChoose and Teach For America.
According to a May 5 announcement, the grant will be processed through the crypto charity intermediary service The Giving Block. DonorsChoose CEO Alix Guerrier said, “teachers are going the extra mile for their students’ education, even spending hundreds — sometimes thousands — of dollars out-of-pocket for their classrooms.” The donations are meant to provide teachers with resources for such initiatives.
