Ripple’s cryptocurrency, XRP, is the latest addition to the philanthropic efforts addressing the aftermath of the devastating wildfires in Maui. The Giving Block, a platform known for facilitating charitable donations via cryptocurrency, has expanded its roster to include XRP as a means to support the affected residents of Maui.
The wildfires in Maui have resulted in over 100 reported deaths, the destruction of hundreds of homes and businesses, and the displacement of thousands. With XRP now joining other supported cryptocurrencies like BTC, ETH, USDC, BCH, AAVE, AXS, BAT, BNT, BOND, and MATIC, among others, the potential reach of the fundraising campaign is significantly amplified.
Jared Isaacman, CEO of Shift4, the parent company of The Giving Block, has pledged a 1:1 match for the first $500,000 donated to the Maui response fund. This initiative could potentially amass up to $1 million for relief efforts. Donations made in any of the supported cryptocurrencies, including XRP, will be equally distributed among participating humanitarian relief organizations. These entities are on the ground, providing urgent medical care and aid to affected children, individuals, families, and animals.
To date, the fund has received $72,657.74 in donations. With the matched amount, the total stands at $145,315.48, marching towards a goal of $1 million. The Maui Emergency Response Fund is open for contributions in various forms, including the aforementioned cryptocurrencies, stocks, DAF grants, and cards. Donors have the option to support the fund directly or to donate to individual organizations involved in the relief efforts.
Among the participating organizations are Airlink, All Hands and Hearts Smart Response, Inc., Convoy of Hope, Direct Relief, Feeding America, Global Empowerment Mission, Habitat for Humanity Maui, Inspire Church, Maui Humane Society, and World Central Kitchen.
The $500k Maui Emergency Response Fund Match Campaign, spearheaded by Jared Isaacman, operates on a first-come-first-served basis. There’s a cap of $100k in direct donations to eligible nonprofits, but no caps on donations to the Maui Emergency Response Fund itself.
Image source: Shutterstock
This article was originally reported on Blockchain News.