{"id":137838,"date":"2023-04-24T07:01:51","date_gmt":"2023-04-24T07:01:51","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=137838"},"modified":"2023-04-24T11:35:43","modified_gmt":"2023-04-24T11:35:43","slug":"ripple-xrp-announces-plan-to-help-3-7b-people-worldwide","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ripple-xrp-announces-plan-to-help-3-7b-people-worldwide\/","title":{"rendered":"Ripple (XRP) Announces Plan To Help 3.7B People Worldwide"},"content":{"rendered":"<p style=\"text-align: justify\">Amidst the ongoing high-octane legal drama with the United States <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener\">Securities and Exchange Commission (SEC)<\/a>, <strong>Ripple<\/strong>, the maker of <a href=\"https:\/\/crypto-economy.com\/ripple\/\" target=\"_blank\" rel=\"noopener\">XRP,<\/a> <strong>has revealed a<\/strong> <strong>new plan to help over 3.7 billion people who are either unbanked or under-banked around the world.<\/strong><!--more--><\/p>\n<p style=\"text-align: justify\">On April 23,<strong> Ripple took to Twitter to announce its partnerships with several innovative fintech companies, universities, NGOs, and social entrepreneurs<\/strong>, in order to transform a global financial system enabling a sustainable crypto solution and helping entrepreneurs to build \u00a0more innovative blockchain research and technical projects.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The climate crisis is a defining issue of the 21st century.<br \/>We know that <a href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#blockchain<\/a> innovations in carbon markets can help achieve global climate goals. On <a href=\"https:\/\/twitter.com\/hashtag\/EarthDay?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#EarthDay<\/a>, explore how today&#39;s climate leaders are building a sustainable future on the <a href=\"https:\/\/twitter.com\/hashtag\/XRPLedger?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#XRPLedger<\/a>. <a href=\"https:\/\/t.co\/pEi6ZDTKHT\" target=\"_blank\">https:\/\/t.co\/pEi6ZDTKHT<\/a> <a href=\"https:\/\/t.co\/12sz8FJm8q\" target=\"_blank\">pic.twitter.com\/12sz8FJm8q<\/a><\/p>\n<p>&mdash; Ripple (@Ripple) <a href=\"https:\/\/twitter.com\/Ripple\/status\/1649882445901176832?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 22, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Financial Inclusion For People Across The Globe<\/h2>\n<p style=\"text-align: justify\">According to the official <a href=\"https:\/\/ripple.com\/impact\/\" target=\"_blank\" rel=\"noopener\">blog post<\/a>, Ripple is focusing on enabling low-cost and always-on remittances in emerging markets and helping in building Central Bank Digital Currency (CBDC) platforms for governments to increase financial inclusion for more than 3.7 billion people worldwide. <strong>It claimed nearly 1.7 billion people across the world are unbanked and approximately 2 billion more people are under-banked.<\/strong><\/p>\n<p style=\"text-align: justify\">The company emphasized that the current global climate crisis is one of the most serious problems of the century. In preparation to mitigate such challenges,<strong> Ripple stated that it is working towards creating numerous blockchain innovation projects in carbon markets so that it can assist in achieving global environmental goals<\/strong>.<\/p>\n<p style=\"text-align: justify\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-137839\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2023\/04\/Ripple-1-e1682315692730.jpg\" alt=\"Financial Inclusion For People Across The Globe\" width=\"830\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/04\/Ripple-1-e1682315692730.jpg 824w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/04\/Ripple-1-e1682315692730-300x108.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/04\/Ripple-1-e1682315692730-768x278.jpg 768w\" sizes=\"(max-width: 830px) 100vw, 830px\" \/><\/p>\n<p style=\"text-align: justify\">The platform stated the adoption of cryptocurrency and blockchain technology could help increase the economic participation of these individuals. Ripple is also creating new opportunities enabling a sustainable livelihood \u00a0that can help dramatically increase the global economic participation the people without access to banking services citing, <em>\u201cit is committed to a low-carbon future for the crypto industry and global economy.\u201d <\/em><\/p>\n<h2>Pre-funding Strategy For XRP<\/h2>\n<p style=\"text-align: justify\">In order to achieve its goal, Ripple has collaborated with companies and organizations from over 80 countries and has already provided $150 million in donations. Furthermore, <strong>the cryptocurrency company also asserted that the XRP Ledger is the world\u2019s first major global carbon-neutral blockchain, enabling sustainable crypto solutions and powering more efficient, scalable, and dynamic carbon markets<\/strong>. Jules Kortenhorst, CEO at Rocky Mountain Institute said,<\/p>\n<p style=\"text-align: center\"><em>\u201cBlockchain has a vital role to play in achieving a zero-net emissions energy future. Ripple is taking the lead to ensure fintech is part of the effort to build a sustainable world that is not only transformative for banks and consumers but also beneficial for the planet.\u201d<\/em><\/p>\n<p style=\"text-align: justify\">Meanwhile, on the same day, <strong>Ripple CTO<\/strong> <strong>David Schwartz clarified the company&#8217;s prefunding strategy for XRP. <\/strong>In response to a thread discussing Ripple&#8217;s nostro\/vostro accounts and prefunding, Schwartz explained that instead of prefunding in every market, customers can prefund in just one account and make payments to any On-Demand Liquidity (ODL) destination market.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The idea is that instead of prefunding in every market you might want to make a payment in, you can prefund in just one account and make payments to any ODL destination market.<\/p>\n<p>&mdash; David &quot;JoelKatz&quot; Schwartz (@JoelKatz) <a href=\"https:\/\/twitter.com\/JoelKatz\/status\/1649922496857268224?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 22, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">The CTO also highlighted the flexibility of Ripple&#8217;s system, specifying that customers can hold their funds in their preferred asset and pay in a different one.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amidst the ongoing high-octane legal drama with the United States Securities and Exchange Commission (SEC), Ripple, the maker of XRP, has revealed a new plan to help over 3.7 billion people who are either unbanked or under-banked around the world.<\/p>\n","protected":false},"author":21,"featured_media":137842,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90,102,74],"tags":[4805,4816,4918],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/137838"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=137838"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/137838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/137842"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=137838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=137838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=137838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}