Ripple is expanding its social impact program, dubbed Ripple for Good, and will focus its efforts on education and financial inclusion, the company said in an announcement. To that end, the blockchain firm said it is committing an additional $25 million to the program on top of the more than $80 million in recent donations. In addition, the firm noted that it is currency looking into projects to decide how the funds would be allocated. In the announcement, Ripple Head of Social Impact Ken Weber said, “When we reflected on the unique role Ripple could play from a social impact standpoint, we kept landing on the idea that the benefits of these new technologies should reach as many people as possible.”
In other news, AT&T has unveiled a blockchain suite that includes technology from Microsoft and IBM, the company said in an announcement. AT&T said the offering, which is geared toward enterprise customers, applies to several industries: The company cited manufacturing, retail and healthcare, among other examples. In the case of retail, for instance, AT&T said the offering could help ensure the authenticity of a product “by tracking them from order delivery, reducing waste and excess stock.” In the case of healthcare, the technology “maintain[s] and allows highly secure sharing of directories of up-to-date patient records.”
A study claims that China’s middle-class investors aren’t all that interested in investing in digital currencies. The effort, which was spearheaded by College Professor Wu Xiaobo, found that under 10 percent of China’s middle class has cryptocurrency investments, Cryptovest reported. At the same time, however, the report mentioned that those on Chinese online forums were talking about using crypto as a method to protect their wealth. The researchers used a poll of 100,000 people for their white paper, along with 1 million data points from other sources of data.