Largest-Ever Gift of Digital Currency, Worth $29 Million, Funds All 35,000 Teacher Projects on DonorsChoose
The jury is still out on whether blockchain is going to change the world, but this week it did change quite a few classrooms across the country and make some teachers very happy.
With a digital gift worth $29 million, , a company that uses cryptocurrency to facilitate international payments, fulfilled all 35,647 classroom project requests on , a site used by public school teachers seeking funds for classroom resources and supplies. The money will go to 28,210 teachers who together teach more than a million students across the U.S.
The gift is the largest reported donation of digital currency to a single charity and the biggest donation in the 18-year history of DonorsChoose.org, according to a release from Ripple.
https://www.facebook.com/DonorsChoose/videos/1365698766908204/
Ripple created an for banks to exchange the digital currency XRP, of which it owns the largest share in the world, worth about $80 billion, Bloomberg reported.
Teachers used the hashtag to share their reactions to the news, saying their students would have access to new technology, field trips, supplies and more.
https://twitter.com/IrisPinheiro313/status/978929042907975680
https://twitter.com/Educ8rTX/status/978930150086791168
DonorsChoose.org founder Charles Best, who started the site while working as a high school teacher, sparked the donation by emailing Ripple鈥檚 co-founder Chris Larsen, who had supported the nonprofit before, the San Francisco Chronicle .
鈥淚 kind of dared myself to send an email pitching an idea 10 times bigger than I鈥檝e ever pitched before,鈥� Best said. 鈥淚 was almost anxious that they would be offended by the ridiculousness of my ask.鈥�
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