Business News Report Technology
November 20, 2024

Ripple And Mercy Corps Ventures Strengthen Partnership To Support Emerging Market Entrepreneurs

In Brief

Ripple launches “Unlocking Opportunity” as the next phase of its partnership with MCV to support entrepreneurs in emerging markets in developing financial resilience solutions through blockchain and fintech.

Ripple And Mercy Corps Ventures Strengthen Partnership To Support Emerging Market Entrepreneurs

Digital payment network and protocol Ripple announced the launch of “Unlocking Opportunity” as the next phase of its partnership with Mercy Corps Ventures (MCV), aimed at supporting entrepreneurs and small to medium-sized enterprises (SMEs) in emerging markets. The initiative focuses on developing solutions for financial resilience using blockchain and fintech technologies.

MCV is the impact investing arm of Mercy Corps, a globally recognized development and humanitarian organization. It has extensive visibility into high-impact startups across frontier markets, evaluating over 1,500 startups annually and backing founders whose products address key financial inclusion challenges.

The expanded partnership will provide both financial and technical support from Ripple to fintech companies and SMEs, including those utilizing the XRP Ledger (XRPL) and Ripple’s products like the forthcoming Ripple USD stablecoin (RLUSD). The partnership will target financial inclusion use cases such as savings, remittances, micropayments, and tokenization of real-world assets (RWAs).

Ripple has committed more than $5.5 million to support Mercy Corps Ventures in driving transformative and scalable solutions.

‘Unlocking Opportunity’ Launches With Crypto For Good Fund, Offering Up To $100,000

The “Unlocking Opportunity” initiative begins with MCV’s latest Crypto for Good Fund, which provides equity-free grants of up to $100,000 to support real-world Web3 use cases in the Global South. The fund focuses on areas such as decentralized finance (DeFi) loans, tokenization of RWAs, savings and payments solutions, and stablecoins for humanitarian aid delivery. Applications for the Crypto for Good Fund are currently open.

On December 3rd, Mercy Corps Ventures and XRPL Commons will host an informational webinar for builders interested in using the XRP Ledger in their submissions to the Crypto for Good Fund. With its low transaction costs, scalability, and upcoming Ethereum Virtual Machine (EVM) sidechain launch, XRPL is an ideal platform for fintechs developing affordable and accessible financial solutions.

Previous projects funded through the Crypto for Good Fund include Ejara’s tokenization of Cameroonian government bonds, which helped provide a low-risk, high-yield savings product for unbanked micro, small, and medium enterprises, reaching over 11,000 savers during the pilot phase. Another notable project was a climate risk financing pilot by DIVA Donate, which used stablecoins, smart contracts, and cryptocurrency rails to provide financial support to farmers in the Horn of Africa.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
Top AI Tools From Big Tech In 2025: How The Big Five Compete In AI
Education News Report Technology
Top AI Tools From Big Tech In 2025: How The Big Five Compete In AI
September 23, 2025
Orderly Network Rolls Out Orderly ONE To Enable Instant, No-Code Perpetual DEX Creation
News Report Technology
Orderly Network Rolls Out Orderly ONE To Enable Instant, No-Code Perpetual DEX Creation
September 23, 2025
Bitget Wallet Initiates Morph Unity Airdrop, Distributing Over 270,000 BGB
News Report Technology
Bitget Wallet Initiates Morph Unity Airdrop, Distributing Over 270,000 BGB
September 23, 2025
Griffin AI Launches TEA Turbo On BNB Chain, Introducing Chat-Native DeFi Capabilities
News Report Technology
Griffin AI Launches TEA Turbo On BNB Chain, Introducing Chat-Native DeFi Capabilities
September 23, 2025