Ripple Funds All 35000 DonorsChoose Classroom Projects with $29 Million Donation

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Ripple Funds All 35000 DonorsChoose Classroom Projects with $29 Million Donation

According to the blog post, the donation was made using ripple's own token-based payment system, XRP, with a total value of $29 million.

We're thrilled to announce that Ripple and its executive team are giving back to America's teachers with a $29 million dollar donation in XRP to DonorsChoose.org.

That includes 42 projects worth almost $39,000 created by teachers in Portland Public Schools. If this act of generosity inspires you as much as it does us, you can help out by going to DonorsChoose.org and funding one of the 6,000 projects that have popped up since Ripple donated. With the money, Donors Choose was able to fulfill every single classroom project request on its site - 35,647 requests in all, from 28,210 teachers at 16,561 public schools.

DonorsChoose allows teachers to ask for crowdfunded donations to give their classrooms books, educational technology, field trip assistance, and more.

The funding by the company, the single biggest cryptocurrency donation to a charity, was under tight wraps in the lead up to the announcement. "Their gift will provide learning materials and experiences to more than a million students, overwhelmingly in low-income communities", said Charles Best, founder of DonorsChoose.org in a written statement.

According to CNBC, Ripple's donation of its XRP digital token will be converted into US dollars over the next two weeks to fund the projects with minimal impact on the cryptocurrency's market. "It's the largest...the largest donation to DonorsChoose in history!" "We're proud to work with them to support classroom needs across the country". "I would say it's the dream coming true, except we never had this dream because it would have been too insane to even say", Best tells the Chronicle.

"Also, as part of the #BestSchoolDay campaign, DonorsChoose.org is setting up a fund that is dedicated to allocating resources to teachers who are new to using the platform", the DonorsChoose spokesperson said. "DonorsChoose estimates that teachers will submit at least another 135,000 classroom project requests between now and the start of the next school year".

Monica Brombacher, who teaches second grade, was seeking to improve campus safety in wake of recent news.

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