- Ripple and Xendpay collaborate to help UK’s key workers weather the COVID-19 by introducing a free transaction service for them.
- Essential workers using the platform between April 3 and June 3 will be able to remit money sans a transaction fee.
- Ripple Labs has already donated almost $200,000 towards NGO battling the ongoing pandemic.
For many companies, the COVID-19 pandemic has resulted in the need for remote working. The coronavirus-induced stay-at-home orders have forced businesses to make remote working the new normal. But for some that is not an option. Frontline staff, doctors, nurses and other key workers – also deemed as heroes by many – are required to risk their lives and report to work. To do so they expose themselves to a virus that has already infected circa 250,000 people and killed roughly 36,000 in the UK – as recorded at the time of writing.
While the government has been paying tribute to them by clapping for them, blockchain companies are playing their part in helping the key workers.
Ripple and Xendpay are now offering UK’s key workers free transactions to help them during the current tumultuous times. XendPay said in a Twitter post that it is offering complimentary and seamless cross-border payment services to those working in the vulnerable sectors in the country wanting to send funds across the globe.
Xendpay and @Ripple have partnered to waive transaction fees to help ease the impact of COVID-19 for UK #KeyWorkers. Thank you for your hard work and support during this unprecedented time ❤️ Find out more ? https://t.co/oiPM67Jd75 pic.twitter.com/F06krONHeP
— xendpay (@xendpay) May 22, 2020
Key workers using the Xendpay platform between 3 April and 3 June 2020 will be able to make limitless transactions without a transaction fee. The free service is for all those who intend to send funds to 13 countries including Indonesia, Malaysia, Ghana, Nigeria, Philippines, Myanmar among others, it said on its website.
This move was to show solidarity and encouragement to the workers who have volunteered to help citizens with essential services during the pandemic. In the UK, 10.6 million employed people were in key working occupations, as of 2019.
Xendpay operates using Ripple’s blockchain technology for remitting and tracking funds offering a reduced cost for international fund transfer.
Supporting workers who are key to counter the COVID-19 crisis
Crypto companies worldwide have been offering financial aid to those affected by the COVID-19 pandemic.
Crypto.com, a payments and cryptocurrency platform, announced that from 2 April 2020 to 30 June it will waive credit card charges on crypto purchases for all its users.
Previously reported by TechMeru, Ripple Labs announced a donation of approximately $200k to help those fighting the war against the COVID-19 pandemic and allocated the funds to Silicon Valley Community Foundation’s COVID Regional Response Fund and Tipping Point Emergency’s Response Fund.
Ripple’s latest initiative to support the Corona fighters will surely encourage other crypto players to do the same.