Center for Collaborative Economics

Give XRP xApp

The first project implemented by CFCE is Give XRP, a decentralized xApp hosted in the XRP Ledger wallet Xumm utilizing the Flare Network. Registered 501(c)3 nonprofit partners who have gone through the secure wallet registration process will be listed within the app, and Xumm users will be able to donate their XRP by sending it directly to the wallets belonging to nonprofits. Automated market transactions quickly and securely settle the donation as USD in the nonprofit’s bank account.

Following the donation, donors and nonprofit partners will automatically receive donation receipts containing the details of the donation and relevant charitable contribution tax deduction information. Following the deployment of the XLS-20d NFT standard on the XRP Ledger, both the contribution documentation and incentive rewards will be given as non-fungible tokens.

For users making legal small-dollar donations that do not wish to receive tax deduction documents, the option to donate anonymously is available. In addition to receiving tax deductions on charitable contributions, donors also avoid capital gains fees they would otherwise pay for converting cryptocurrencies to USD, as well as expensive exchange fees.

Give XRP will charge only a 3% commission on donations, well below the industry standard of 5%. This will be allocating 2% to the CFCE for continued development, and 1% to a donation pool to be awarded monthly to a chosen nonprofit.

Users on the xApp can collaborate on projects with other users and nonprofits, as well as stake their NFTs to have an allocation of token rewards and governance. Look for more information on Give XRP, NFTs, and tokens posted soon!

A preview of our upcoming Give XRP xApp in development for the XUMM XRP decentralized ecosystem.
All images and partners are examples only and subject to change.