Ripple commits $25M US school nonprofits
Summary
Ripple has committed $25 million in Ripple USD to education nonprofits DonorsChoose and Teach For America through The Giving Block. This funding aims to provide resources for teachers, addressing gaps in education funding highlighted by a Gallup survey showing 55% dissatisfaction with K-12 education quality in the US. Ripple CEO Brad Garlinghouse hopes this initiative will inspire further support for education. Teach For America plans to use the funds to expand programs and provide financial assistance. The cryptocurrency industry is increasingly involved in charitable donations, with significant contributions from entities like Binance and Blockchain For Impact.
