Another Blockchain Firm, Riot Contributes $100,000 COVID 19 Relief

Another Blockchain Firm, Riot Contributes $100,000 COVID 19 Relief

Late yesterday, Riot Blockchain revealed via a media statement that it is offering a total of $100,000 to health facilities in its functional fields to support COVID-19 relief efforts at local hospitals.

Riot is a publicly-traded cryptocurrency mining firm and is listed on the Nasdaq NDAQ exchange. Riot Blockchain deals in crypto-asset mining, concentrating on bitcoin.

According to the announcement, they commit a minimum of $100,000 to hospitals in their service areas to support the COVID-19 relief efforts of local hospitals. Besides, Riot’s board of trustees donates $50,000 to Oklahoma City’s Mercy Hospital and $50,000 to Castle Rock Adventist Hospital.

Riot Blockchain said the company was tracking the effect of COVID-19 on development in original comments in March and early April and said the effect appeared limited.

“At this difficult time in history, Mercy is extremely thankful for the support of Riot Blockchain,” said Jim Gebhart, president of Mercy Hospital Oklahoma City and regional strategy official.”

Mercy is now planning for a potential rise in COVID-19 patients, and this generous offer will provide support for vital medical equipment that will save patients now and in the future. We are amazed by the kindness of institutions and entrepreneurs interested in making sacrifices for the well-being of many.

Ripple Recently Donated to Non-Profit Community Amid COVID-19
Blockchain giant located in San Francisco has donated to Tipping Point Society, a non-profit Bay Area, to help those in need during the COVID-19 epidemic.

The coronavirus-induced epidemic is impacting people unequally, with small-income households that seem to be the most affected community, according to Ripple CEO Brad Garlinghouse.

Target, Visa, Deloitte, and Blackrock are other prominent firms that donated to the Tipping Point Society. Furthermore, Jack Dorsey, CEO of Twitter lately vowed $1 bln (a portion of his wealth) for relief from COVID-19.

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.