Compass Investments

– Ripple and MoonPay are using cryptocurrency to help California wildfire victims

The ongoing wildfire crisis in California has prompted Ripple and MoonPay to launch a unique relief initiative

the two companies have jointly donated a stable amount of RLUSD 50,000 coins to the Los Angeles Fire Department (LAFD), providing critical support to firefighters who are risking their lives to protect their communities from the devastating fires.

Having announced this initiative on January 10, Ripple is committed to making a difference at this critical time. underscores the company’s commitment to firefighters. Eric Van Miltenburg, Ripple’s senior executive, emphasized the company’s commitment to helping first responders and fire victims. In his speech, he emphasized the severity of the crisis and the importance of collective support.

the Los Angeles Police Department recognized and thanked Ripple’s generosity as a lifeline for its crews still battling the ongoing wildfires. The fires, caused by dry conditions and high winds, have swept through areas such as the Pacific Palisades, Pasadena and Calabasas, forcing the evacuation of more than 200,000 residents and requiring immediate resources.

Ripple donation will help the company focus its resources on global issues The Ripple donation is part of the Ripple Impact Initiative, a program that focuses the company’s resources on global issues. To date, Ripple has donated more than $170 million to nonprofit organizations for education in more than 80 countries. This latest move by the company underscores its broader mission to use cryptocurrency to make real change.