Ripple Labs introduced a donation of $200,000 to 2 totally different non-profit organizations on March 25. These donations will support within the struggle to comprise the unfold of the coronavirus all through the U.S.
In a tweet published on Ripple’s official profile, the lab acknowledged that $100,000 will go to the Tipping Level Emergency’s Response Fund and the Silicon Valley Neighborhood Basis’s COVID Regional Response Fund, respectively.
California’s non-profits favored by the Ripple Labs donation
Tipping Level, which is a San Francisco-based non-profit group, works to fight poverty within the California metropolis because of a community of companions who help the trigger. They hope to boost $1 million in whole for the COVID-19 response initiative.
Alternatively, The Silicon Valley Neighborhood Basis is concentrated on containing the consequences of COVID-19 all through the Silicon Valley space. That is an particularly prescient transfer throughout a time when governments all over the world have taken measures to make sure that residents are observing correct social distancing procedures.
Nonetheless, scams impersonating cryptocurrency foundations have additionally appeared on the scene.
YouTube rip-off impersonating Ripple’s CEO
A YouTube rip-off, beforehand reported by Cointelegraph on March 24, consisted of a YouTube account impersonating Ripple CEO, Brad Garlinghouse. The account overtly promoted a fraudulent crypto airdrop.
Garlinghouse posted a warning by way of his Twitter account, straight addressing the emergence of scammers by way of YouTube:
“Sufficient is sufficient — in a time of worldwide disaster, when persons are particularly weak — social platforms want to carry scammers (crypto and in any other case) accountable for stealing cash from harmless victims with faux giveaways.”