Ripple Labs announces to donate $200k to two non-profit organizations to fight against Coronavirus. Various charity and other research organizations are willing to take steps to develop better preventive measures against the spreading of COVID-19. Firms related to medicines are funding by crypto maximalists to develop effective drugs and vaccines to cure affected patients.
Donation to Two Non-Profit Organizations
The owner firm of the second-largest crypto exchange by volume, Ripple, decides to give $100k each to two non-profit organizations. The donation acceptors include Tipping Point Emergency Response Fund and Silicon Valley Community Foundation’s COVID Regional Response Fund.
Ripple said in a tweet:
‘’In these challenging times, Ripple is committed to being part of the global response to the COVID-19 pandemic. We’re starting in our own backyard with $100K donations each to @tippingpoint’s COVID emergency response fund and @siliconvalleycf’s COVID Regional Response Fund.’’
Both are working in the Bay Area
Both non-profit fund acceptors belong to the US. The Tipping Point is based in San Fran that works day and night to lessen the poverty prevailing in the Bay Area. It not only helps to get rid of poverty from the Bay region but also working in other sectors including Grantee support, Research, Development, Corporate Philanthropy, and Grantmaking. To tackle Coronavirus, they have launched the Tipping Point Emergency Response Fund.
Tipping Point Community responded and thanked Ripple by saying,’’ Thank you @Ripple for your support! It’s going to take leadership from all sectors, including tech, to get us through this #COVID19 crisis.’’
Similarly, COVID-19 Regional Response Fund is launched by Silicon Valley Community Foundation to fight against the COVID-19 outbreak in the Bay Area countries. One can select ‘’any of the ten Bay Area counties (Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Santa Cruz, Solano and Sonoma) in their efforts to address issues associated with COVID-19.’’
Other tech companies are also funding in different forms. For example, Facebook announces to give big numbers of masks, and Tesla is making ventilators for patients targeted by Coronavirus. The co-founder of Ali Baba, Jack Ma, is distributing test kits and masks in African and Asian countries.