Ripple bags 13th position On The San Francisco Business Times (SFBT) Philanthropy Awards List

Ripple gets the first bank from Oman on its RippleNet platform

Ripple News Today – Ripple is a real-time gross settlement system that deals with currency exchange and remittance network. Ripple has bagged the 13th spot in the San Francisco Business Times (SFBT) Philanthropy Awards. The platform, which has gone out of its way to reach out to the public in the past months has gotten the recognition they deserve.

Ripple News Today – There’s a Huge Opportunity to Give Back – Eric Van Miltenburg, Ripple’s Head of Global Operations

In a tweet from their official twitter handle @Ripple – “Ripple is #13 on the #SFBTphilanthropy list! “We have an obligation and an opportunity to show that we can take some of our success and funnel it in a way that is positive.”

Ripple’s head of global operations, Eric van Miltenburg said in his tweet on twitter, “Proud of Ripple for earning recognition in the Bay Area for our social impact initiatives. Though it’s still early days, there’s a huge opportunity to give back”.

The contribution of $25 million to the San Francisco State University made by Ripple earned them the spot for the recognition as they were the biggest contributor. Crypto companies are looking the way of philanthropy now as this allows them to give back to the public.

Cryptocurrency News Today – Crypto Industry Showing Massive Support to the Public

Following in the step of giving back is TRON CEO Justin Sun. TRON which is a blockchain operating platform for decentralized apps, they aim to allow content producers to sell directly to the consumer rather than using third-party app stores or other apps.

XRP (XRP) Price Today – XRP / USD

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Justin Sun who recently donated $4.57 via an auction bid to GLIDE Foundation for the Power of One Lunch with Warren Buffett. The Glide Foundation is a charity organization that helps the homeless. In December 2018, TRON also partnered with Binance to donate over $100,000 towards Maltese Charity. Making it over $7.7 million donated by Justin Sun towards charity between 2018-2019.

A few months ago, Binance Charity Foundation (BCF), the philanthropic arm of Binance Chain, collaborated with over 46 companies to cooperatively launch a stablecoin – Pink Care Token, which aim is to assist and upgrade feminine well-being in underdeveloped regions globally. Over $200,000 was raised by BCF in May 2019 to support their Child Welfare Program.

XRP News Today – Ripple News Today – Crypto Industry Fulfilling Its Aim

The crypto industry made their presence known with the objective of taking down typical hurdles of transacting and providing solutions to the public to gain freedom from the grasp of the customary monetary system, which is governed by the influential. Serving humanity comes naturally to the crypto industry as the foundation for their existence is to help the public.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.218
0.337%

These companies have reflected the true meaning of philanthropy, they are stamping their names in the sand of time by trying to make the world a better place.

What do you think? Does Ripple deserve the award? Share your thoughts in the comment section below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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