Undulate, the U.S.-based currency exchange and remittance network, is donating $10 million to Mercy Corps, a humanitarian aid non-profit, to “dilate financial inclusion and increase economic empowerment globally.”
Ripple, through a non-profit unit, works with non-government configurations, universities and industry partners to “bring the 1.7 billion unbanked adults into a modernized, global financial set-up that leverages the promise of financial technology,” the company said in its release.
Mercy Corps will partner with RippleWorks in a variety of countries to support development of fintech solutions involving blockchain and digital assets.