Ripple has recently made headlines as its charitable contributions through the Pledge 1% program have surpassed an impressive $250 million. This achievement emphasizes Ripple”s dedication to social impact and philanthropy, further solidifying its reputation in the blockchain community.
The latest figures, drawn from the 2024 Ripple Impact Report and official statements from Pledge 1%, indicate that Ripple has donated over $200 million globally to various social-impact initiatives since 2018. The company”s involvement with the Pledge network was notably highlighted when Ripple was featured on the iconic Nasdaq Tower, a testament to its role as a significant “Builder” in the program.
In a recent post on X, Ripple expressed pride in its association with the Pledge 1% network, particularly on #GivingTuesday. The company stated, “We”re proud to be part of the @PledgeOne network this #GivingTuesday, and featured on the Nasdaq Tower for our commitments to giving back and using crypto for good.” The display on Nasdaq not only celebrates Ripple”s philanthropic efforts but also reinforces the company”s mission to leverage blockchain technology for positive social change.
Pledge 1% also recognized Ripple”s broader impact, noting the company”s engagement with its team, partners, and the wider blockchain community in charitable giving. The organization highlighted that Ripple has effectively utilized the Pledge 1% framework to facilitate donations exceeding $250 million to nonprofits and educational institutions across the globe.
Despite the reports suggesting Ripple”s charitable contributions may have recently crossed the $250 million threshold, the internal report still cites “over $200 million donated since 2018,” indicating an evolving narrative of Ripple”s philanthropic engagement.
On the market front, XRP has experienced a momentum shift attributed to increasing corporate adoption. For instance, the NASDAQ-listed Reliance Global Group has expanded its crypto treasury by acquiring XRP, showcasing enhanced institutional confidence in the asset. Additionally, Ripple”s recent partnership with RedotPay facilitates near-instant conversions of Nigerian naira, significantly reducing bank fees along a $40 billion remittance corridor.
According to data from Coindex, the XRP ledger processes transactions in just 3 to 5 seconds at a minimal cost of $0.0002 per hop, which translates to cost reductions of up to 60% and a boost in regional on-chain activity by 12%. Furthermore, Ripple”s expansion of its license in Singapore opens doors to an annual payments volume of $1.5 trillion, with projections indicating that compliant flows involving RLUSD and XRP could capture between 5% and 10% of cross-border transaction volume, achieving settlement speeds that are ten times faster than traditional systems like SWIFT.
As of now, XRP is trading at $2.18, marking a 7.73% increase over the past day and a slight rise of 0.3% over the week, according to Coin Market Cap data. This recent uptick in price can be attributed to ETF inflows, including XRPI and XRPR, which have brought in $756 million, tightening supply after a 34% drop in exchange reserves.
