Ripple Donates $50M to NCA for Crypto Literacy Boost

Ripple, a leading blockchain company, has made a significant contribution to the cryptocurrency industry by donating $50 million to the National Cryptocurrency Association (NCA). The grant aims to enhance crypto literacy and promote safe adoption across the United States.

The NCA, a newly launched non-profit organization, is dedicated to improving Americans' understanding of cryptocurrencies. With Ripple's backing, the NCA aims to demystify digital assets and serve as a comprehensive resource for individuals interested in using, holding, or learning more about cryptocurrencies.

Stuart Alderoty, President of the NCA, stated, "Crypto going mainstream is no longer a question of 'if' but 'when.' Millions are already benefiting from crypto, making it quicker and easier to shop online, send money anywhere in the world, create apps, art, and games, or build financial futures. We're giving a voice to users from all walks of life and serving as a guide for how to use crypto responsibly."

The NCA website offers guidance and questionnaires for those interested in entering or investing in cryptocurrency. It features stories of everyday cryptocurrency holders and provides conversational advice for beginners.

To assess current crypto engagement, the NCA partnered with Harris Poll to survey 10,000 U.S. cryptocurrency holders. The findings revealed that 81% are interested in learning more about the future of crypto. Additionally, one in five American adults already use cryptocurrencies, with 76% of users reporting positive impacts on their lives, including increased financial independence and opportunities for personal growth.

The survey also highlighted diverse applications of cryptocurrencies among users, with 39% using it for shopping, 32% having bought, sold, or used NFTs, and 31% sending crypto to family.

Brad Garlinghouse, CEO of Ripple, emphasized the timeliness of the NCA's mission, stating, "The opportunity for crypto — especially in the US — is now stronger than ever." The NCA plans to provide educational resources, including easy-to-understand explainers and real stories from everyday people using crypto, to bridge the knowledge gap and promote responsible usage.