While the cryptocurrency sector is one of the hardest hit and hardest hit by this epidemic, constituents of the sector continue to announce that they are waging war against it. Ripple, the blockchain firm behind XRP, the third largest cryptocurrency by total market capitalisation, was among the most recent to announce aid.
The announcement by Ripple said a $ 200,000 donation would be made to a San Francisco-based nonprofit. The United States is among the countries most affected by the outbreak, and the main base of the outbreak has now become the United States.
Therefore, Ripple's donation to Tipping Point Community seems reasonable, both because it is a San Francisco-based company and because it is one of the worst affected areas.
In fact, not only Ripple, but other cryptocurrency companies have also taken action against the epidemic. Months before that, the Binance and Huobi cryptocurrency exchanges had provided millions of dollars in aid to Wuhan. In addition, Binance recently made a new announcement and announced a $ 5 million package against Covid-19.