Charity project DonorsChoose.org announced that CryptoStream Ripple has donated $29 million to the funding of each application from teachers posted on the organization’s website.
Cryptocurrency is the largest donation in the history of the meet 35 647 28 210 requests from public school teachers across America. A total of 16 561 educational organization in the United States will receive the necessary learning tools, from the “color pencils and books to the cocoons of butterflies and kits for robotics”.
We will remind that in the middle of this month the CEO of Ripple Garlinghouse brad (Brad Garlinghouse) announced that the company intends to invest in Korean startups. However, in addition to investment, the startup also decided to do charity work.
Charles best (Charles Best), founder and CEO DonorsChoose.org said that he went to Ripple because brad Garlinghouse supported this non-profit organization for many years. Best sent to the head of the Ripple e-mail a letter outlining the possible effect of the query for teachers:
“I was in shock, but they said Yes. It is terrific that this will be the largest donation of cryptocurrency”.
According to Monica long (Long Monica), senior Vice President of Ripple marketing, at the moment this is the most serious attempt to formalize a good social program. And Ripple is not going to stop long said that the company will continue to act as the patron of educational projects.
“At Ripple we strive to fulfill our duty to society, and we appreciate the importance of quality of education in developing the next generation of leaders. Record DonorsChoose.org speaks for itself — they effectively enhance the quality of education across America. We are proud to be working with them to provide assistance to students and teachers across the country,” said long.
It is noteworthy that DonorsChoose.org not planning an immediate sale of donated assets, and converts the bitcoin to U.S. dollars during the two-week period, to avoid affecting the market price of the token.
“We are overwhelmed by the generosity of team Ripple. Their gift will provide learning materials to more than a million students, mostly from families with low income,” said best.
It is worth noting that the leaders of the Ripple is not the first representatives of the crypto community who use the digital currency for philanthropy — today also it became known that the startup OmiseGo in cooperation with Ethereum co-founder Vitalik Baleriny donated $ 1 million in bitcoin charity organization in East Africa called GiveDirectly.