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

Share
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.

Share

Advertisement

Related Posts

Mel Kiper NFL mock draft 3.0: Broncos land Baker Mayfield
I'm not probably going to put him in the second round, but I would probably say third to fourth, third to fifth for Holland. Jackson is one of the most dynamic quarterback talents I've ever scouted, but he's raw. "They could take a quarterback".

New Fantastic Four Comic Series Announced by Marvel!
Writer Dan Slott (The Amazing Spider-Man) will pen the series, which will feature art by Sara Pichelli ( Ultimate Spider-Man). "Dan is the biggest fan of the Fantastic Four ", Marvel Comics editor D.B.

Conservatives threaten to end subscriptions after Rice joins company — BoycottNetflix
From 2009 to 2013, she served as the U.S. permanent representative to the United Nations and as a cabinet member. Permanent Representative to the United Nations from 2009-13 and served as a member of Obama's cabinet.

David Warner Apologises For His Role In The Ball Tampering Scandal
New Zealand cricket captain Kane Williamson went in to bat for the embattled Aussie, saying he was "not a bad person". Tonight, I want to make clear that as captain of the Australian cricket team, I take full responsibility.

Ex-Russian spy was poisoned at his front door, British police believe
US and other Western nations have expelled more than 150 Russian diplomats over the poisoning. The ministry condemned the poisoning, calling it a "serious challenge to common security".

IOS 11.3 is live now, complete with new battery features
The Health app now has Health Record for downloading health records and data from participating physicians and hospitals. This is something that was supposed to arrive in iOS 11 last fall, but ended up getting pulled from an early beta .

Former French President, Sarkozy To Face Corruption Trial
He is challenging an earlier order to stand trial on charges of illicit spending overruns during his failed 2012 campaign. Sarkozy was president from 2007 to 2012 but was defeated by Socialist Francois Hollande when he ran for re-election.

Cheeky ploy from Atletico to make Barcelona pay £175million for Griezmann
Despite signing a new five-year deal in June 2017, the Frenchman Antoine Griezmann is expected to leave Atletico Madrid this summer.

BJP has set whole state ablaze: Lalu Yadav
Former Bihar chief minister was pronounced guilty in a fodder scam () case on Monday by a special CBI court in Ranchi. RJD chief Lalu Prasad with daughter Misa Bharti at the New Delhi railway station on Thursday.

Australia coach Darren Lehmann to step down after ball-tampering scandal
A tearful Lehmann insisted the decision to quit was his, and he was not fired by his bosses over the scandal that has plunged the team into crisis.

© 2015 ExpressNewsline. All Rights reserved.