Ripple has unveiled its 2024 Impact Report, marking a significant milestone with over $200 million deployed globally since the inception of Ripple Impact in 2018. The company saw exciting new partnerships and continued progress in its commitments to impactful finance, blockchain research, sustainability, and local communities. This achievement underscores Ripple’s unwavering commitment to leveraging blockchain technology for social good, as detailed in the company’s official announcement . Advancing Financial Inclusion In 2024, Ripple intensified its efforts to promote financial inclusion, particularly in underserved regions. Through its ongoing partnership with Mercy Corps Ventures, Ripple has invested in over 50 fintech startups, facilitating access to financial services for unbanked and underbanked communities across Africa, Latin America, and Asia. The “Unlocking Opportunity” initiative exemplifies this commitment, aiming to bridge funding gaps and pilot scalable services built on the XRP Ledger (XRPL) . Fostering Blockchain Research and Innovation Ripple’s University Blockchain Research Initiative (UBRI) continues to be a cornerstone of its mission to drive blockchain innovation. With a total commitment of $80 million, UBRI has partnered with over 50 leading academic institutions across 26 countries, including the University of California, Berkeley, and University College London. In 2024 alone, UBRI supported more than 1,500 blockchain research projects and facilitated the development of 600 new or expanded fintech courses. Championing Sustainability and Climate Action Ripple has maintained its leadership in sustainability within the fintech sector, aiming for net-zero emissions by 2030. In 2024, the company continued its $100 million commitment to advancing global carbon markets, investing in high-quality carbon removal projects and supporting climate-focused NGOs. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Notably, Ripple co-founded Centigrade, an open data platform dedicated to improving the availability of durable carbon credits. Empowering Local Communities Ripple’s culture of giving back is evident in its employee engagement programs. In 2024, Ripple employees collectively volunteered thousands of hours with nonprofits, including the Eat. Learn. Play. Foundation in the San Francisco Bay Area and the Great Ormond Street Hospital Charity in London. These initiatives reflect Ripple’s dedication to driving meaningful change both globally and locally. Looking Ahead As Ripple Impact enters its eighth year, the organization remains steadfast in its mission to create a more inclusive and sustainable financial system. With over $200 million deployed for good, Ripple continues to demonstrate the transformative potential of blockchain technology in addressing some of the world’s most pressing challenges. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple Releases 2024 Impact Report: $200 Million Deployed for Good appeared first on Times Tabloid .
