Ripple has donated more than $150 million since 2018 and partnered with dozens of NGOs and over 40 global universities to ensure financial inclusivity.
XRP price has gained about 37 percent YTD to trade around $0.46 on Monday.

Ripple Labs is one of the blockchain payment companies with deep liquidity aiming at improving users’ financial services through digital assets. The American blockchain payment company has been in existence for almost a decade.

As a result, Ripple takes pride in dozens of strategic partnerships with global governments, financial institutions, and NGOs seeking to streamline payments. Furthermore, the blockchain payment company is already working on several CBDC projects with different central banks including in the European market.

Nevertheless, the company continues to face hostility in the United States due to a lack of crypto regulatory clarity. Already, the company is fighting to have XRP not classified as a security. Furthermore, XRP is traded as a commodity in other global jurisdictions that have enacted clear crypto regulations. 

Ripple builds for inclusivity and sustainability

Although an American tech company, Ripple has made tremendous entry into the global markets. In a bid to ensure financial inclusivity, Ripple has partnered with dozens of NGOs that operate in more than 80 countries. Already, the tech company has donated more than $150 million since 2018 through NGOs. Nevertheless, Ripple is focused on banking more than 3.7 billion people around the world who do have access to proper financial services.

To do so, the tech company intends to provide sustainable banking solutions that protect the world from pollution. As co-founders and active members of the Crypto Climate Accord and WEF’s Crypto Impact and Sustainability Initiative, Ripple is committed to a low-carbon future for the crypto industry and the global economy. Jules Kortenhorst, CEO, of Rocky Mountain Institute, noted;

Blockchain has a vital role to play in achieving a zero-net emissions energy future. Ripple is taking the lead to ensure fintech is part of the effort to build a sustainable world that is not only transformative for banks and consumers but also beneficial for the planet,

Since 2018, Ripple has ostensibly partnered with more than 40 universities around the world to enable blockchain research at higher learning institutions. Through the University Blockchain Research Initiative (UBRI), Ripple is at the forefront of research and technical development in blockchain and cryptocurrency markets. Gustavo Salaiz, Professor at a Mexican university noted;

We want to ensure students have the adequate mix of skills for a world where data and transactions take place on distributed ledgers, and Ripple’s UBRI will help us to prepare our students for the financial service’s digital future,

Price action

Since scaling to this year’s high of around $0.58, XRP price has retracted to trade around $0.46 on Monday. Valued at approximately $24 billion, the XRP market recorded a total daily traded volume of approximately $1.2 billion. However, market analysts forecast a rebound after the ongoing correction.

Hi there all. #XRP is continuing her correction as we expected. This is normal & close to completion.

XRP is in between our Fibonacci Lines:

$0.48212 & $0.45544

Current RSI signals we broke the support, which could trigger the $0.42044 area next.

3rd Wave validation will be… pic.twitter.com/gks4WwvJjk

— Dark Defender (@DefendDark) April 24, 2023

Der Beitrag Ripple to bank 3.7B people with new partnership all around the globe to make the world better – Report erschien zuerst auf Crypto News Flash.

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Filed under: Bitcoin - @ April 24, 2023 11:23 am