Ripple Donates $29 Million To Fund All 35,000 DonorsChoose Classroom Projects

  • Ripple donated $29 Million to DonorsChoose.com in its XRP token
  • The donation crashed the non-profit's website and funded its 35,000 ongoing campaigns

Cryptocurrencies are too often branded with negative press; rendering them synonymous with terms like "dark web." With the likes of Ripple, it's a stereotype that it seemingly doesn't deserve as the company keeps taking steps towards its goals.

Since its formation in 2012, Ripple has had a special interest in championing the blockchain cause, recognizing its place and responsibility in creating what it refers to as an 'Internet of Value'. It's an ambition Ripple has, to provide a method of payment as fast as information is obtained via the internet.

Over the last few months cryptocurrencies have been undergoing a bearish trend, despite their lofty ambitions. Ripple's XRP hasn't been an exception to this trend; According to CNBC, it was one of the worst performers in the first quarter of 2018, as its value plunged about 74 percent alongside others on the market.

Internet and Education of Value

The Internet of Value would not be possible without the classrooms and teachers that inspire entrepreneurial spirit within students. In the US, the education system finds itself grossly underfunded in many instances.

This led to the creation of DonorsChoose.org, a platform that gives teachers a way to crowdfund any project they want to. From major field trips to extra school supplies, it's provided teachers with an avenue to obtain much-needed support. Projects like Ripple wouldn't be possible without teachers and an education that allowed individuals to aspire to achieve their aspirations and projects.

It's with this in mind that recently, Ripple has committed to donating over $29 million to numerous projects on the website, as an excited Stephen Colbert announced.

Through a blog post on its website, Ripple revealed the donation was made in its XRP token, though it's believed it was immediately converted to USD. DonorsChoose, through a blog post, also commented on the generous donation. It reads:

“Today marks the first time in 18 years where the total number of projects on our site reads ‘0.' Thanks to Ripple’s gift, over the next few weeks tens of thousands more boxes full of supplies will start arriving in classrooms across the country.”

DonorsChoose

Max Keiser: Bitcoin Dominates Altcoins in Cryptocurrency Debate

  • Keiser Report host Max Keiser claims that bitcoin continues to dominate altcoins and provide more investor security.
  • Keiser predicted bitcoin's market dominance and hash rate to reach 99 percent within the next five years. 

Max Keiser, host of the Keiser Report, claims that bitcoin has no cryptocurrency rivals and that most altcoins fail to live up to the standard set by BTC. 

Speaking in an appearance on London Real, Keiser dismissed the possibility of a new crypto-asset emerging and eating into bitcoin’s market dominance. 

He said, 

There’s no coin out there that can do what Bitcoin doesn’t do already or will be able to do shortly. What you’re buying with Bitcoin is security.

Keiser continued, arguing that hard forks of bitcoin such as bitcoin cash and SV lack security compared to the original BTC.

The avid bitcoin supporter also referred to several altcoins as being “pure exit scams,” intentionally designed to manipulate investors. 

He explained, 

They have huge ‘pre-mines’ that the founders are selling or dumping and making a lot of money. A lot of people are losing money, and they have no use case. So like a Ripple or an Ether, even, is an exit scam. It’s to be avoided. Those are the top coins.

Keiser predicted that bitcoin’s market share and hash power, sitting at 65% and 85% respectively, will continue to rise relative to the market. He claimed that within five years bitcoin will account for 99% of all cryptocurrency hashing power and market capitalization. 

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