Ripple, one of the largest and most popular companies in the cryptocurrency market has signed a new partnership with Rippleworks in order to back and support a wide range of what they call “powerful initiatives.” Working all over the world, Rippleworks became one of the fastest-growing non-profit organizations this year.
Ripple Partners With Non-Profit Organization
The cryptocurrency market is not just price action and technical analysis. There are many new partnerships that are worth taking into account in the cryptocurrency industry. For example, Ripple has just partnered with Rippleworks to help and support a wide range of initiatives in many countries.
According to a recent tweet released by @Ripple, they are proud to partner with Rippleworks, which has been named one of Fast Company’s Most Innovative Companies of 2020.
— Ripple (@Ripple) March 10, 2020
It is worth mentioning that Rippleworks was created by Doug Galen and Chris Larsen, involved in the first days of Ripple. The main goal is to support businesses that are expanding their operations and help them grow their businesses. Indeed, Larsen has also decided to donate large sums of money to help Rippleworks start.
Of course, with the price growth of XRP, Rippleworks was able to back a larger number of projects and with more funds considering they now have over $370 million in assets. This is very positive for the entire crypto ecosystem.
Chris Larsen commented about the recent partnership:
“Doug Galen and I started Rippleworks 5 years ago to support practitioners tackling some of the toughest challenges of our time. While there’s so much more to do, I want to take a moment to celebrate the entire team on this achievement. Couldn’t be more proud.”
At the time of writing this article, the XRP cryptocurrency is the third-largest in the market in terms of valuation. XRP is valued at $9.19 billion and each coin can be purchased for $0.2098. In addition to it, it expanded by 1% in the last 24 hours, becoming one of the fastest-growing cryptos among the top 10.
This is not the first time that there is a charitable or non-profit organization closely collaborating with crypto companies. In the past, the Pinneaple Fund was able to donate a large amount of money to charitable causes and non-profit organizations all over the world. The Pineapple Fund was founded by crypto enthusiasts that became a millionaire during the 2017 bull run in the market.