Ripple, a blockchain technology firm based in San Francisco, has committed to joining the Pledge 1% movement, an initiative that encourages businesses to donate a portion of their resources to charitable causes.
This program, established in 2014, invites companies of all sizes to contribute 1% of their profits, products, or time to support philanthropic efforts. Ripple’s participation highlights its ongoing commitment to social impact, focusing particularly on advancing blockchain innovation and enhancing the accessibility of financial services.
The Pledge 1% initiative has gained significant traction over the years, with nearly 18,000 companies from over 130 countries now involved.
These organizations, including well-known names like Cloudflare and Reddit, have collectively contributed billions of dollars to charitable causes.
The movement recently celebrated its 10-year anniversary, marking the occasion by ringing the Nasdaq closing bell.
Ripple’s involvement is part of its broader philanthropic strategy, which has seen the company donate $180 million since 2018 to various global initiatives.
Notably, Ripple recently contributed $100,000 to flood relief efforts in Brazil and pledged $1 million in partnership with the International Rescue Committee to support humanitarian work.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.