Ripple 
$0.556934announced that it has signed a one million dollar multi-year partnership agreement with the International Rescue Committee (IRC). This collaboration aims to use blockchain technology to make the distribution of aid to crisis victims more efficient.
Blockchain in Humanitarian Aid
The partnership will explore how Ripple’s cross-border payment solutions and its soon-to-be-launched stablecoin RLUSD can be used to increase the speed and efficiency of aid distribution processes. With this collaboration, Ripple aims to transform aid activities on a large scale.
We aim to combine our payment solutions with IRC’s expertise to ensure aid is available quickly, securely and at scale.
Eric Van Miltenburg, Ripple’s Senior Vice President of Strategic Initiatives, stated that this step is an important step towards using their technology to create a positive impact.
Dissemination of RLUSD
This partnership comes a day after Ripple announced the first global exchange partners of the RLUSD stablecoin. While platforms such as UNC and ULHR are expected to distribute RLUSD, it is known that the final legal approval of the stablecoin is awaited.
IRC President and CEO David Milliband stated that the partnership with Ripple is particularly promising in increasing the speed and efficiency of cash aid.
Ripple CEO Brad Garlinghouse stated that RLUSD will become the “gold standard” for institutional-grade stablecoins, highlighting the demand for such stablecoins from customers and partners.
This collaboration aims to deliver fast and reliable aid to communities living in crisis areas by effectively using Ripple’s blockchain technologies in humanitarian aid distribution. Within the scope of the collaboration, Ripple’s payment solutions and IRC’s experience in more than 40 countries will enable aid activities to be carried out more effectively.
Conclusion: Ripple and IRC’s partnership marks a new era in the effective use of blockchain technology in humanitarian aid distribution. This cooperation aims to better respond to the needs of communities in crisis areas by ensuring that cash aid arrives faster and more securely.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
