Ripple has announced a new partnership with Tipping Point, a San Francisco-based nonprofit fighting poverty and income inequality. Ripple will donate $1 million to support struggling families in the surrounding Bay Area, which has struggled with increasing wealth inequality in recent years.
According to Tipping Point, 1.3 million people in the Bay Area are too poor to meet their basic needs. With the high cost of living in the area, statistics show that people need to work five minimum-wage jobs in order to make ends meet.
“As part of our partnership, Ripple will work collaboratively with Tipping Point to explore ways to make the Bay Area more financially equitable and inclusive. We’ll put our heads together with experienced leaders from Tipping Point and its amazing grantee organizations to focus on increasing upward economic mobility for Bay Area workers and families.
As a first step, Ripple employees are eager to support Tipping Point and its grantees through their personal giving. Ripple already matches its employees’ donations to any nonprofit on a dollar-for-dollar basis. Now, when San Francisco-based Ripple employees give to Tipping Point or any of its local grantees, Ripple will match their donations two-to-one.”
Tipping Point is looking for anyone who can donate to the good cause. The organization accepts fiat and crypto donations in Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash.
Meanwhile, the fiat and crypto trading platform Uphold says XRP is the digital asset of choice among its users across North and South America.
From January 1 to February 14, 59.2% of its users in the Americas bought XRP.
Bitcoin was next in line, at 27.3%, followed by Ethereum at 6%, Litecoin at 3.1%, Dash at 1.9%, Bitcoin Cash at 1.6%, Bitcoin Gold at 0.5% and Cred at 0.4%.