Ripple, a blockchain-based payment solutions company, took a stance to help fight poverty by partnering with Tipping Point. This new partnership aims at providing a helping hand to poverty-stricken people in the Bay Area.
Tipping Point is making a conscious effort to help people in the Bay Area who are too poor to even meet basic needs, and this is achieved by partnering with local companies. Since, Ripple is San Francisco-based company, the partnership does not come across as a surprise. The leading fintech player granted Tipping Point $1 million to help them reach their goal.
Ripple stated on their official blog:
“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…”
— Ripple (@Ripple) March 7, 2019
The report added:
“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.”
Apart from being the leader for a blockchain-based payment revolution, Ripple also launched an initiative, “Ripple for Good” last year. Ripple for Good is a corporate social impact program aimed at supporting mission-driven organizations and initiatives with the potential to expand financial inclusion worldwide. Ripple has already contributed to almost $100 million in donations under the Ripple for Good program.
Tipping Point is a non-profit organization that is trying to help the 1.7 million people in the Bay Area who are too poor to meet their basic needs. It was started in 2005 and has since raised more than $260 million to educate, employ, house and support those in need in the Bay Area.
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