Coronavirus Outbreak: Ripple Labs donates $200,000 to help US battle coronavirus

Ripple Labs mentioned that the donation in their “own backyard” was but the first step in their commitment of being a “part of the global response to the COVID-19 pandemic”.

FP Trending March 27, 2020 15:11:22 IST
Coronavirus Outbreak: Ripple Labs donates $200,000 to help US battle coronavirus

American tech company Ripple Labs has donated $200,000 to aid battle the coronavirus pandemic in the United States.

A couple of tweets were made by the firm’s official Twitter handle confirming the news.

The company said the total money will be split into two parts. One half will go to the Tipping Point Community’s COVID Emergency Response Fund and the other half to the Silicon Valley Community Foundation’s COVID Regional Response Fund.

Ripple Labs mentioned that the donation in their “own backyard” was but the first step in their commitment of being a “part of the global response to the COVID-19 pandemic”.

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The blockchain company shared the link to the World Health Organisation’s (WHO) COVID-19 Solidarity Response Fund page for anyone who wished to contribute.

While Tipping Point is a nonprofit organisation working to break the cycle of poverty in the Bay Area of San Fransisco, Silicon Valley Community Foundation (SVCF) focuses on relief efforts to contain the spread of the highly infectious COVID-19 across the Silicon Valley area.

The Tipping Point aims at raising $30 million for its Emergency Response effort.

Meanwhile, several impersonators of Ripple CEO Brad Garlinghouse have been organising giveaways through popular social media platforms like YouTube, Instagram and Twitter.

Brad tweeted about these impersonators and sought strict action against them.

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