Ripple, the blockchain-based digital payment company that developed the Ripple Protocol, which includes the XRP Ledger (XRPL), has joined the Pledge 1% movement demonstrating its commitment to leveraging business success for social good. According to a blog post, Ripple has aligned itself with this global initiative, reinforcing its dedication to philanthropy, sustainability, and building equitable opportunities worldwide.
The Pledge 1% is a global philanthropic initiative that encourages companies to pledge 1% of their equity, profits, products, or employee time to charitable causes. Founded in 2014, the movement has inspired over 17,000 companies in 100+ countries to prioritize social responsibility as a core value of their business.
Ripple’s decision to join Pledge 1% comes as no surprise given its history of supporting impactful initiatives. The company has long emphasized sustainability and financial inclusion, focusing on using blockchain technology to create accessible, efficient financial systems.
With this pledge, Ripple is set to expand its influence by dedicating resources toward meaningful change. Ripple has a proven track record of philanthropic contributions, giving over $180 million to numerous international projects since 2018.
Recently, the company offered $1 million to fund humanitarian operations in collaboration with the International Rescue Committee and donated $100,000 to flood relief efforts in Brazil.
Ripple’s integration into the Pledge 1% network signals a commitment to giving back, setting a benchmark for other players in the cryptocurrency industry to align profit motives with philanthropy.