Ripple founder and Executive Chairman Chris Larsen is moving against theft, rubbery, and some other social decadence by funding the installation of surveillance cameras across San Francisco.
The development comes as the Black Live Matter protests and calls for the defunding of police thicken.
In this wise, crypto billionaire Chris Larsen is helping the San Francisco resident fight insecurity by providing funding up to the tune of $4 million to buy cameras to be installed across the state.
The tech-preneur said he started funding the project since 2012. The project is buying high-definition video cameras for areas in San Francisco to be overseen by a firm named Applied Video Solutions and some neighborhood organizations like the Community Benefit Districts (CBD), a not-for-profit foundation offering humanitarian services to those community.
According to the New York Times, the community determines where to place the cameras since they are placed on private property, and the footage is to be monitored by the community.
Although, surveillance is being managed by police, according to Chris Larsen, the camera which is to be installed in San Francisco, are and be publicly placed to serve as an deterrent and increase the level of investigations.
Unlike the usual government surveillance system, the Chris-funded camera project is to be monitored by the people.
While the camera project has been on since 2012, Ripple founder is just funding a network of over 1,000 cameras. The crypto pundit is funding C.B.D.s to monitor and control the cameras. Chris is also funding SF Safe, another nonprofit organization supporting the community watch groups and the police.
Ripple’s Chris Larsen is a known philanthropist in America supporting the less privileged across the country.
The founder of Ripple once donated $25 million in XRP to San Francisco State University. The donation was the largest gift received in crypto by any university in the U.S.
Chris Larsen’s donation was to be used in funding the San Francisco University’s College of Business and help students in realizing their aims of becoming global and local entrepreneurs in the fintech world. Before then, Chris Larsen had donated 7 billion XRP to a nonprofit organization.
This COVID-19 period, Chris Larsen and company, Ripple, also donated $1.1 million to Tipping Point as a form of emergency palliatives to people in San Francisco Bay Area.
Ripple also donated $100,000 to Silicon Valley Community Foundation (SVCF). Also, five San Francisco companies received $1 million each from Ripple and Chris Larsen. The donation will support taxpayers, NGOs, and public sector initiatives.