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Ripple Ranks 13th On The SFBT Philanthropy Awards List, $25m Donation To SF University A Reason

Ripple has been having claimed the 13th spot in the San Francisco Business Times (SFBT) Philanthropy Awards. The platform has been doing some great philanthropic work in the last few months, which has got well-deserved recognition.

The biggest contributor to the rankings could be the $25 million donations to the San Francisco State University, by Ripple’s co-founder Chris Larsen. Commenting on the success on twitter, Ripple’s head of global operations, Eric van Miltenburg said,

Proud of Ripple for earning recognition in the Bay Area for our social impact initiatives. Though it’s still early days, there’s a huge opportunity to give back.

Philanthropy in the crypto industry has been growing tremendously. The latest example is TRON CEO Justin Sun’s $4.57 donation via an auction bid to GLIDE Foundation, for the Power of One Lunch with Warren Buffett. In total Sun donated over $7.7 million towards charity in the FY2018-2019. TRON also collaborated with Binance to donate over $100,000 towards Maltese Charity, in December last year.

Earlier this month, Binance Charity Foundation (BCF), the philanthropic arm of Binance Chain, partnered with over 46 companies to jointly launch a stablecoin, Pink Care Token, help and promote feminine well-being in underdeveloped regions globally. BCF also raise over $200,000 earlier in May this year, to aid their “Child Welfare Programme.”

The crypto industry came into existence with the aim of breaking conventional barriers and providing tools to the general society to free themselves from the clutches of the traditional monetary system, which is dominated by the elite.

Therefore, working for the unheard and oppressed has been in the DNA of the industry, which makes such philanthropic efforts reflect what crypto truly stands for. These companies have shown that the world can be a better place even with the aid from the monetary monsters of the world.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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