Ripple and Crypto Community Unite for Turkey-Syria Earthquake Relief

Ripple's Humanitarian Effort

Ripple has committed $1 million in cryptocurrency to aid earthquake victims in Turkey and Syria. The contribution is split into $250,000 in XRP tokens and a matching donation initiative up to $750,000. This effort supports non-governmental organizations (NGOs) actively providing relief in the affected areas.

Collaborative Support

Ripple’s donation will be equally distributed among four NGOs: CARE.org, Mercy Corps, International Rescue Committee (IRC), and World Central Kitchen. These organizations are pivotal in delivering essential services, from medical aid to food supplies.

Broader Crypto Community Involvement

The crypto community has rallied to provide significant support, with major blockchains like Avalanche and Ethereum also contributing to the relief efforts. Leading crypto exchanges including Binance, Bitfinex, OKX, and Kucoin have pledged over $9 million in donations. Binance alone has airdropped $100 in BNB (equivalent to 1,883 Turkish lira) to its users in the earthquake-affected regions, totaling $5 million in aid.

Global Crypto Philanthropy

This initiative by Ripple and its peers highlights the growing role of cryptocurrency in humanitarian aid. The swift mobilization of funds not only provides immediate relief but also showcases the potential of blockchain technology in addressing global crises. The collaborative efforts extend beyond Turkey and Syria, as seen in previous crypto-driven support for Ukraine amid its ongoing conflict.

These actions underscore the commitment of the crypto industry to leverage its resources for global humanitarian causes, setting a precedent for future philanthropic endeavors.