Ripple has partnered with the International Rescue Committee (IRC) in a $1 million, multi-year partnership to explore the use of blockchain technology in improving crisis relief.
The partnership aims to leverage Ripple's cross-border payments solution and upcoming stablecoin, RLUSD, to enhance the speed and efficiency of aid distribution.
Ripple's commitment will help the IRC explore direct cash relief programs and cross-border fund transfers, potentially transforming aid delivery at scale.
The partnership comes after Ripple announced initial exchange partners for RLUSD and is awaiting regulatory approval for its global launch.