Ripple’s newly announced alliance with the International Rescue Committee (IRC) has attracted significant attention from members of the XRP community.
Blockchain analyst Lory said the collaboration is a significant development with long-term potential. She also offered what she described as her “most important” advice for navigating this new partnership.
Details on Ripple’s latest partnership
On October 16, Ripple announced its latest alliance with IRC. The collaboration aims to improve the delivery of humanitarian aid by leveraging Ripple’s cross-border payment solutions and its upcoming RLUSD stablecoin.
Ripple has pledged a $1 million, multi-year grant to explore how blockchain technology, including the XRP Ledger (XRPL), can streamline cash relief programs and cross-border transfers, particularly in crisis-affected regions with limited traditional banking services.
The IRC works in more than 40 countries and has a strong track record of providing assistance. Specifically, it provided more than $70 million in gift certificates and cash assistance.
Additionally, the partnership is a response to the United Nations’ estimate that 360 million people worldwide are in need of assistance. Ripple and IRC aim to research how blockchain solutions can transform aid delivery, making it faster, more secure and accessible.
What does this mean for XRP holders?
According to Lory, this new partnership highlights the growing role of Ripple’s technology in addressing real-world challenges. Notably, Ripple’s global payments network, powered by the XRP Ledger, could provide a faster and more secure way to deliver aid in difficult circumstances.
“This partnership demonstrates the potential of Ripple’s blockchain solutions for large-scale adoption,” Lory said.
However, Lory also advises investors to remain vigilant and pay attention to the hidden motives that some humanitarian organizations may have.
Her core message to XRP investors is to trust the technology and the intuition that led them to invest in XRP and Ripple’s solution. She therefore urged investors to remain cognizant of the various ways this technology could be applied.
Lory stressed: “Your XRP is solid; it’s worth more than you can imagine.”
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