šØ NONPROFITS USE RIPPLE PAYMENTS & RLUSD FOR FASTER AID šØ
Ripple announced that leading global development and humanitarian nonprofit organizations, including World Central Kitchen (WCK), Water.org, GiveDirectly, and Mercy Corps, are leveraging Ripple Payments and the new Ripple USD (RLUSD) stablecoin to enhance the speed, transparency, and impact of aid delivery and funding.
š Key Points:
š¹ Blockchain Solution: Nonprofits are using Ripple Payments, a licensed, end-to-end platform powered by blockchain technology, to move funds across borders in seconds, 24/7/365, bypassing reliance on traditional banking systems.
š¹ RLUSD Stablecoin Use: Pairing the platform with RLUSD, Ripple's U.S. dollar-backed stablecoin (which surpassed a $900 million market cap in less than a year), provides an efficient delivery mechanism for aid and enables new models for financial inclusion and disaster relief.
š¹ World Central Kitchen (WCK): WCK is leveraging Ripple Payments and RLUSD to accelerate the disbursement of funds to local restaurants and partners in crisis regions without established banking infrastructure, settling payments in hours instead of days.
š¹ Water.org Success: After successfully piloting Ripple Payments to send funds to microfinance partners in Brazil, Mexico, and Peru, Water.org plans to run all its Latin American transactions through the platform, moving funds faster and more cost-effectively to support affordable loans for water and sanitation solutions.
š¹ New Aid Models: Ripple is also piloting RLUSD with partners like Mercy Corps Ventures (in Kenya) and GiveDirectly for applications such as parametric insurance for unbanked populations and anticipatory cash transfers, demonstrating how blockchain can close the gap in emergency aid delivery time.
š” Why It Matters:
š¹ Speed and Efficiency: For organizations responding to urgent crises, the ability to settle payments in hours rather than days using Ripple's platform is life-critical, allowing them to serve more vulnerable communities faster.
š¹ Financial Inclusion: By providing a low-cost, near-instant alternative to traditional remittance services, stablecoins like RLUSD can increase the net amount of money recipients receive, boosting economic resilience for billions of underbanked and unbanked communities.
š¹ Innovation Meets Purpose: This work showcases the powerful intersection of blockchain technology and humanitarian efforts, proving how licensed, enterprise-grade crypto solutions can reshape the systems behind global relief and unlock lasting impact at scale.
The collaboration with these major nonprofits confirms the real-world utility of blockchain payments and stablecoins in delivering urgent aid and advancing financial inclusion globally.
https://ripple.com/ripple-press/global-nonprofits-use-ripple-payments-rippleusd-to-move-money-faster-and-drive-real-world-impact/