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Ripple, the US-based crypto services firm behind the XRP Ledger, has committed $25 million in Ripple USD (RLUSD) to education nonprofits DonorsChoose and Teach For America.<\/p>\n
According to a May 5 announcement<\/a>, the grant will be processed through the crypto charity intermediary service The Giving Block. DonorsChoose CEO Alix Guerrier said “teachers are going the extra mile for their students’ education, even spending hundreds \u2014 sometimes thousands \u2014 of dollars out-of-pocket for their classrooms.” The donations are meant to provide teachers with resources for such initiatives.<\/p>\n Ripple cites a 2024 Gallup\u00a0survey<\/a> showing that 55% of US parents and adults are dissatisfied with the quality of K-12 education in the United States. This highlights \u201cconstraints and gaps in funding for education,\u201d the reports reads. Ripple CEO Brad Garlinghouse said in the statement:<\/p>\n \u201cWe hope to inspire others to do the same, starting with Teacher Appreciation Week, and leading into the rest of the year to support students and teachers with the resources they need to build a stronger future for themselves and their communities.\u201d<\/p><\/blockquote>\n Teach For America CEO Aneesh Sohoni said the new funding will allow the organization to expand its \u201cIgnite Tutoring Fellows program, drive innovation in our Reinvention Lab, and provide crucial financial assistance\u201d to prepare teachers. <\/p>\n Related: <\/strong><\/em>The Giving Block starts disaster fund for California wildfire victims<\/strong><\/em><\/a><\/p>\n The cryptocurrency industry is familiar with charitable donations. Last month, Binance co-founder Changpeng \u201cCZ\u201d Zhao pledged over half a million dollars worth of crypto to the earthquake disaster relief effort in Thailand and Myanmar. The Giving Block forecasts crypto donations to reach $2.5 billion<\/a> in 2025.<\/p>\n Another player in the crypto charity field, Blockchain For Impact (BFI), in March committed $90 million to advance biomedical research<\/a>.<\/p>\nCrypto-fueled charity<\/h2>\n