Ripple Unites with Billion Jared Isaacman to Help Maui Fire Victims

The post Ripple Unites with Elon Musk’s SpaceX: #CryptoForACause appeared first on Coinpedia Fintech News

Ripple, the company behind XRP cryptocurrency, has teamed up with Jared Isaacman, who’s known for his connection with SpaceX, Elon Musk’s space exploration company. Isaacman, also the CEO of Shift 4, made a significant space voyage on SpaceX’s Crew Dragon capsule last year. Isaacman has already donated a whopping $100 million to support the fundraiser, and now, in collaboration with Ripple on Maui Donation Project, he’s aiming to make an even greater positive impact.

XRP Donations and Collaboration

Ripple and Isaacman have teamed up for an initiative, allowing XRP and cryptocurrency donations for the Maui Emergency Response Fund. This is a significant step, as XRP is now included among the crypto donation options offered by The Giving Block, a crypto donation solution provider. Ripple announced that they will match the next $50,000 in crypto donations to the Maui Relief Fund by 200%. This partnership involves Donation Matching, where both parties jointly double the contributions received, up to $50,000.

XRP can now be donated to charities on @TheGivingBlock.

Ripple will be joining Shift4 CEO @rookisaacman and the next $50K USD in any crypto donations made to the Maui Relief Fund will be matched 200%.

Give here: https://t.co/skNk33piBm
— Ripple (@Ripple) September 6, 2023

SpaceX’s and Ripple Tie Up for a Cause

Although this partnership doesn’t confirm a strong tie between SpaceX’s partner and Ripple, it sparks curiosity about what might come next. Elon Musk is known for his impact on the crypto market, especially through his tweets about Dogecoin during the 2021 crypto boom. Notably, both SpaceX and Tesla have embraced Dogecoin as a payment choice for their products. Being a competitor of XRP it will be interesting to see where this partnership goes.

Community Rejoiced Ripple’s Decision

The response from the XRP community has been positive, with users applauding Ripple for its charitable causes. One user expressed excitement about the potential for cryptocurrencies to play a significant role in saving lives. The sales manager of The Giving Block also chimed in, showing support and enthusiasm for Ripple and the XRP community.

It’s nice seeing Ripple donating and helping people. They’re actually one of the good companies in the crypto industry
— XRPcryptowolf (@XRPcryptowolf) September 6, 2023

Ripple has spent over $200M in legal fees in their battle against the SEC

Ripple is matching donations to Maui up to 200%

Imagine what @Ripple could have done with that $200M wasted on a frivolous lawsuit https://t.co/mZdTGPuDEE
— Wendy O (@CryptoWendyO) September 7, 2023

Impact on XRP Price

Talking about XRP’s market performance, the cryptocurrency has been trading in a relatively stable range, though it has yet to regain its levels before a significant legal ruling. XRP has seen a modest increase of 0.21% against the US dollar. The hourly chart suggests a potential support level of around $0.4958. If XRP manages to breach the significant $0.50 threshold and maintain that position, traders may anticipate a further rise to approximately $0.5039 the next day.