According to CryptoPotato, Ripple Labs has donated $2 million to support the upcoming Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco. This is the largest single contribution to the event, with the total amount raised so far exceeding $11.4 million. APEC's fundraising goal is $20 million, as San Francisco is not allowed to use public funds to reach the milestone.
Other notable contributors include Prologis, Salesforce, and Visa, each donating $1 million. Google contributed $250,000, and Bank of America provided $125,000. The APEC meeting will gather 1,200 CEOs from around the world and 600 media representatives, making it one of the largest events of its kind in San Francisco in recent years. The summit will focus on topics such as strengthening the global economy, digital trade, opportunities for small and medium-sized enterprises, environmental sustainability, and climate change.
