Ripple’s 2024 Impact Report is out, and it shows the company has donated over $200 million since 2018.
Beyond giving back, Ripple has taken things further by diving into Impact Finance, by using the XRP Ledger and its stablecoin, RLUSD.
Ripple (XRP), created by Ripple Labs back in 2012, was designed to make cross-border payments faster, cheaper, and more accessible for everyone. Not only has it stayed true to that mission, but Ripple has gone above and beyond, earning top marks in more ways than one.
According to Ripple’s 2024 Impact Report, the company has donated over $200 million since 2018 toward building a more inclusive and sustainable future. In 2024 alone, $21 million in grants were distributed, supporting initiatives ranging from financial inclusion to education and sustainability.
The report also highlighted some standout contributions. This involves a $30 million grant to nonprofits focused on impact finance since 2018, 15 pilot projects and startup investments launched in partnership with Mercy Corps Ventures, and $1 million committed to the International Rescue Committee to fuel innovation in humanitarian aid.
Monica Long stated,
What energizes me most is witnessing the maturation, growth, and accelerating velocityof Ripple’s products. They have transformative power not only for business but for society and the organizations tackling our world’s most urgent societal challenges.
A Look at Ripple’s Progress
Ripple’s impact in 2024 reached new heights, showcasing a powerful blend of innovation and social responsibility. One major highlight was the expansion of its partnership with NYU Abu Dhabi, reinforcing Ripple’s commitment to blockchain research in the Middle East. This brought total funding to over $1 million, supporting forward-thinking student initiatives.
Ripple’s University Blockchain Research Initiative (UBRI) has grown into a global force, partnering with 60 leading universities around the world and funding more than 1,500 blockchain research papers and technical projects, helping to shape the future of crypto and decentralized tech. In 2024, UBRI expanded its reach even further by adding several institutions, including Yonsei University in South Korea, National Kaohsiung University of Science and Technology in Taiwan, Nanyang Technological University in Singapore, and eBS Universität in Germany.
That same year, UBRI Connect took place in Zurich, Switzerland, gathering over 200 attendees from more than 50 universities to collaborate on the future of blockchain technology. Ripple emphasized that “through these highly collaborative partnerships, UBRI continues to nurture the next generation of innovators while advancing foundational research in blockchain technology and digital assets.”
One notable example of this engagement was the XRPL Hackathon at Roma Tre University, where 60 student developers from across Italy came together to showcase their ideas and build on the XRP Ledger.
On the environmental front, Ripple continued to lead with purpose. The XRP Ledger (XRPL) has remained carbon-neutral since 2020, and in 2024, Ripple secured 95% of the carbon removals required to meet its 2030 net-zero goal. The company also joined the Sustainable Aviation Buyers Alliance (SABA) to help accelerate the adoption of sustainable aviation fuel (SAF), which could reduce carbon intensity by up to 75% compared to conventional jet fuel.
Over the next five years, Ripple-supported efforts are expected to abate 500,000 tonnes of CO₂e. Ripple’s commitment to transparency in carbon markets also gained momentum through Centigrade, a platform co-founded with the Rocky Mountain Institute to improve accessibility and trust in voluntary carbon trading.
Meanwhile, Ripple employees made a difference worldwide, with 80% participating in Ripple Impact programs. From mentoring job seekers in New York to packing reclaimed food in London and supporting young students in Bangalore, employees found meaningful ways to give back.
Education and the arts received the most support, drawing 28.8% of contributions, closely followed by health and mental health at 28.2%. Causes focused on children and youth accounted for 21.1%, while human rights initiatives received 11.5%.
