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“Ripple for Good” places cherry on top; doles out another $25 million in donations

Priyamvada Singh



Ripple for Good places cherry on top; doles out another $25 million in donations
Source: Pixabay

Ripple, one of the leading players in the blockchain and cryptocurrency space formally announced the launch of its social welfare program called ‘Ripple for Good’ on 27th September. The company is expecting the program to be socially impactful and mission-driven to further expand the global financial inclusion. In an official tweet, Chris Larsen, the Co-founder and Executive Chairman of Ripple stated:

“The #InternetofValue is not about disruption, it’s about completion – making globalization better for everyone. Ripple for Good will be a central part of that mission.”

The company stated that it has already doled out an amount of over $80 million this year. Subsequently, it is contributing an additional sum of $25 million in donations to symbolize its presence in the business-driven growth of the society.

In its official announcement, Ripple also mentioned that the program has a set of focus points that includes STEM [science, technology, engineering and mathematics], FinTech education and financial literacy. These are thought to be the pillars to drive financial inclusion in the global digital economy.

Earlier this year, the blockchain player announced its huge collaboration with the world’s leading educational institutions through its University Blockchain Research Initiative Program [UBRI]. UBRI was launched in June and aims at catalyzing the innovations in the blockchain space.

Ripple also distinguished a simple fact that the current scenario suggests that a large chunk of the population has yet not received participation in the formal financial space. The mindset to change these statistics has become an impetus for the company to work harder for social good.

Furthermore, Ripple also notified that it is planning to accelerate efficiencies in the remittance sector to make payments faster, secure and cost-sensitive. Its efforts are to be extended to services such as microloans and finance for SMEs [small and medium enterprises]. Here, the firm mentioned women leading SMEs to remain one of the prime focuses of its services.

Weerasak Subpung, a crypto-investor and blockchain space follower sent much appreciation through his comments on Twitter. He wrote:

“Thank you Chris so much for sharing this info ! I’m sent 4000xrp and received 40000xrp!
You’re awesome! Again thanks!”

Another crypto-investor and enthusiast put forth a thoughtful viewpoint on Larsen’s Twitter post, revealing XRP as one of the components in his financial portfolio. He stated:

“This is great. I have ripple as part of my investment portfolio. But, is this a one time thing to generate publicity, and was there any donation when xrp was its ATH in early 2018? I wonder.”

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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.


Ripple’s XRP Ledger Dev Portal unveils updated version of WebSocket API Tool




Ripple's XRP Ledger Dev Portal unveils updated version of WebSocket API Tool
Source: Pixabay

Ripple XRP Ledger Dev Portal revealed an updated version of the WebSocket API Tool. The latest development in the Ripple ecosystem will enable users to directly communicate with rippled servers, which is responsible for powering the XRP Ledger Network.

An official post detailing the WebSocket update stated that the tool has been incorporated with unique functionalities to the existing tool structure. The “refreshed tool” which was launched as part of the recent site relaunch, allow users to choose which servers to connect, which will include public servers that Ripple operates, XRP Test Net servers or any server that the user locally runs on its computer. This feature is called Server Selector.

The refreshed tool provides options to connect to Ripple’s general-purpose public XRP Ledger servers, full-history public servers, Test Net servers, or to your own server running locally. This list can also change to provide more options in the future.

Another feature incorporated in the latest update is the new Permalink button. The button provides a link wherein users can use to share the current state of their inputs, which includes the request body and the selected server. The official post detailed that the Permalink feature is similar to other web tools such as JSFiddle or CodePen, which “provides a way to prepare a set of inputs and share it with others.”

Another feature is the curl Syntax Button, represented by “>_ ” icon. The button is designed to load a popup with the current inputs of the request box, which is converted into a JSON-RPC call which can be made with the curl utility.

To eliminate simple syntax errors, the upgraded tool has incorporated a feature called Error Highlighting, which as the name suggests, highlights lines with errors by placing red circled X marks.

The Message History Management will display all types of messages in one single stream, which maintains a history of the user’s previous calls until the page is closed or a different server is selected or the history is cleared by selecting the “Clear History” button. The blog further detailed,

“The amount of history the tool keeps at a time isn’t unlimited, which is another change from the previous version. By default, any time the tool receives a new message, it deletes any messages older than the most recent 50, though you can set this to be any amount you like.”

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