Ripple will support coronavirus victims

Ripple will support coronavirus victims
CONTENT

  • Ripple continues to support the fight against the coronavirus epidemic

  • Investors believe in bitcoin and buy cheap coins

  • Bitcoin price will reach $ 10,000

International consortium of news organizations developing transparency standards.

The management of the Ripple corporation will allocate $ 100 thousand to support victims of the coronavirus infection. Charitable funds will be donated to Tipping Point.

Ripple will support coronavirus victims

In these challenging times, Ripple is committed to being part of the global response to the COVID-19 pandemic. We’re starting in our own backyard with $ 100K donations each to @ tippingpoint’s COVID emergency response fund and @ siliconvalleycf’s COVID Regional Response Fund. (1/2)

– Ripple (@Ripple) March 25, 2020

The management of the corporation announced this on the official Twitter page. The transferred amount will be used to help poor people who are also suffering from the coronavirus epidemic. Since many families have lost their main income or it has significantly decreased as a result of the epidemic, Tipping Point is ready to provide additional funds for such families..

Recall that this is not the first cryptocurrency organization that actively supports the fight against the coronavirus epidemic. Recently, the head of the largest cryptocurrency exchange Binance said that the company is ready to support the fight against the disease and allocate funds for the treatment of patients..

Ripple will support coronavirus victims

Coronavirus or cryptocurrency: who will win

 

The coronavirus epidemic has become a real test for the global economy. In February, the stock market collapsed due to panic among investors, as well as a decrease in imports from China. The commodity market collapsed next: the price of oil fell to record lows, which led to a serious stir. Bitcoin was the last to fall on the list of investment instruments. However, the cryptocurrency began to win back its positions and rise in price.

Earlier, BeInCrypto told how exactly the cryptocurrency market reacts to the coronavirus epidemic and what to expect in the future.

Domestic and foreign experts are confident that bitcoin has every chance of becoming the very protective asset that investors can rely on in difficult times. So, trader Kir Kelevra assures that the price of the main cryptocurrency may already exceed the $ 10,000 mark by May. Upcoming halving Bitcoin halving cuts the number of new coins created and earned by miners in half. This happens approximately every four years and … More, an increase in interest in the coin from retail and institutional investors, oversaturation of the market with the dollar, which will lead to a fall in its value. Thus, the cryptocurrency can really become a “safe haven” during the global financial storm.

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