How Ripple Is Using Its Stablecoin to Insure Kenyan Farmers
The post How Ripple Is Using Its Stablecoin to Insure Kenyan Farmers appeared on BitcoinEthereumNews.com. Ripple’s RLUSD-based drought insurance pilot covered 517 pastoralists in Kenya, with 70% being women. No payout was triggered due to favorable vegetation conditions, allowing RLUSD funds to roll into the next high-risk season. The upcoming campaign, targeting 533 participants, is backed by Ripple and legacy funds from Mercy Corps Ventures and Arbitrum. Ripple’s innovative blockchain-based insurance pilot in Kenya has wrapped up its first phase that was conducted in partnership with DIVA Donate, successfully insuring 517 pastoralists, 70% of whom were women, using Ripple’s newly launched stablecoin RLUSD. The project demonstrates the clear potential of Web3 solutions in disaster preparedness. How RLUSD is fixing real-world problems According to a post from Ripple on X (formerly Twitter), the insurance pilot utilized satellite vegetation data to monitor drought risk over a critical season. Favorable conditions during this monitoring period meant no payouts were triggered, as satellite imagery showed sufficient vegetation to sustain livestock. The Ripple Impact drought insurance pilot in Kenya concluded, successfully insuring 517 pastoralists (70% women) using $RLUSD. Satellite data showed favorable vegetation during the pilot period, so no payout was triggered. This unused $RLUSD rolls into the next pilot phase,… https://t.co/gPtEBWfQdG — Ripple (@Ripple) July 10, 2025 The unused RLUSD has been automatically rolled into the next high-risk season, ensuring ongoing protection for the same group of pastoralists. DIVA Donate, which coordinated the deployment of the RLUSD-based drought coverage, confirmed that this marks the fifth campaign under its anticipatory aid initiative. Next Phase’s Funding Target: $40K The upcoming phase will again target Laikipia County, a drought-prone region in northern Kenya, offering $75 in relief per participant if adverse conditions are detected at the end of the long rains in May 2025. With Ripple’s support, this next phase will have an expanded funding target of $40,000. This will enable coverage…
The post How Ripple Is Using Its Stablecoin to Insure Kenyan Farmers appeared on BitcoinEthereumNews.com.
Ripple’s RLUSD-based drought insurance pilot covered 517 pastoralists in Kenya, with 70% being women. No payout was triggered due to favorable vegetation conditions, allowing RLUSD funds to roll into the next high-risk season. The upcoming campaign, targeting 533 participants, is backed by Ripple and legacy funds from Mercy Corps Ventures and Arbitrum. Ripple’s innovative blockchain-based insurance pilot in Kenya has wrapped up its first phase that was conducted in partnership with DIVA Donate, successfully insuring 517 pastoralists, 70% of whom were women, using Ripple’s newly launched stablecoin RLUSD. The project demonstrates the clear potential of Web3 solutions in disaster preparedness. How RLUSD is fixing real-world problems According to a post from Ripple on X (formerly Twitter), the insurance pilot utilized satellite vegetation data to monitor drought risk over a critical season. Favorable conditions during this monitoring period meant no payouts were triggered, as satellite imagery showed sufficient vegetation to sustain livestock. The Ripple Impact drought insurance pilot in Kenya concluded, successfully insuring 517 pastoralists (70% women) using $RLUSD. Satellite data showed favorable vegetation during the pilot period, so no payout was triggered. This unused $RLUSD rolls into the next pilot phase,… https://t.co/gPtEBWfQdG — Ripple (@Ripple) July 10, 2025 The unused RLUSD has been automatically rolled into the next high-risk season, ensuring ongoing protection for the same group of pastoralists. DIVA Donate, which coordinated the deployment of the RLUSD-based drought coverage, confirmed that this marks the fifth campaign under its anticipatory aid initiative. Next Phase’s Funding Target: $40K The upcoming phase will again target Laikipia County, a drought-prone region in northern Kenya, offering $75 in relief per participant if adverse conditions are detected at the end of the long rains in May 2025. With Ripple’s support, this next phase will have an expanded funding target of $40,000. This will enable coverage…
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