Ripple has announced a partnership with Mercy Corps Ventures (MCV), Unlocking Opportunity. The project aims to empower entrepreneurs and small-to-medium enterprises in emerging markets while positioning XRP for greater adoption and momentum through blockchain and fintech innovation.
Official Announcement of the Partnership on the Ripple Website
Expanding Blockchain Solutions for Financial Resilience
Ripple’s expanded collaboration with MCV provides financial and technical support to the fintechs and SMEs leveraging the XRP Ledger (XRPL) and Ripple’s suite of products. It also includes the soon-to-launch Ripple USD Stablecoin (RLUSD). These solutions focus on financial inclusion use cases such as remittances, micropayments, and tokenization of real-world assets.
“Mercy Corps Ventures has been a trusted partner for XRP,” said Ken Weber, Ripple Vice President of Sustainability and Social Impact, “With Unlocking Opportunity, we are confident we can maximize the impact of our partnership for entrepreneurs on the frontlines of financial innovation and aid-delivery.”
Strengthening Ripple’s Momentum
This initiative significantly boosts XRP’s momentum by driving real-world use cases. Supporting fintech startups will give rise to increased adoption of the XRPL and XRP, particularly in emerging markets where blockchain can address critical financial challenges.
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The introduction of RLUSD will further enhance XRPL’s utility, encouraging its integration into payment, savings, and remittance systems.
As of now, the XRP price has not dropped below the $1 mark, and currently, the XRP price stands at $1.10
Scaling Impactful Solutions
XRP’s $5.5 million commitment has already catalyzed investment in 54 startups, 44% of which have at least one female co-founder, resulting in $500 million in follow-on funding.
The Crypto for Good Fund, part of this initiative, offers equity-free grants of up to $100,000 for Web3 solutions. Applications focus on DeFi loans, stablecoins, and asset tokenization, advancing XRP’s vision for financial inclusion.
Ripple and MCV share a goal of building resilient economies through blockchain which can be fulfilled with Unlocking Opportunity. On December 3, a webinar is going to be hosted by MCV and XRPL Commons, which will guide innovators on leveraging XRPL for transformative projects, further promoting XRP adoption.
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