Fintech company Ripple is donating $1 million worth of XRP tokens for relief efforts in earthquake-hit Syria and Turkey. The company will give $250,000 worth of XRP tokens to the Crypto for Charity relief fund, and it will match all cryptocurrency donations to the fund 2:1, with a maximum limit of $750,000. The contributions will be given to non-governmental organizations (NGOs) providing earthquake relief in Turkey and Syria.
Four NGOs, including CARE, Mercy Corps, and the International Rescue Committee, will receive an equal distribution of the donations. The organizations will provide emergency cash, household kits, hygiene supplies, and other essentials. Ripple's funds will also support World Central Kitchen, collaborating with mobile kitchens, restaurants, and food trucks to feed victims and first responders.
Tezos Foundation is also supporting relief operations through cryptocurrency donations. Meanwhile, Vitalik Buterin, a co-founder of Ethereum, has donated more than $228,000 (150 ETH) to two Turkish disaster relief groups, Anka Relief, and Ahbap. Binance has pledged to give $100 in BNB to every user affected by the earthquake.