Ripple is one of the largest blockchain companies in the world and its currency, Ripple (XRP), is the closest crypto coin to become a centralized cryptocurrency. In any case, Ripple (XRP) is one of the strongest cryptos on the cryptocurrencies market and the only one which managed to deal with big financial institutions such as Western Union and Banco Santander. Now, Ripple, the owner of the XRP crypto coin allocated about $50 million for cryptocurrencies study to 17 universities, as part of its University Blockchain Research Initiative (UBRI).
Ripple has donated more than $50 million to 17 universities to be invested in studying the world of cryptocurrencies and blockchain. This is not Ripple’s first massive donation, however, as the company has already spent $29 million on public education in the United States.
The new initiative is called the University Blockchain Research Initiative (UBRI) and will provide funding for research programs related to the blockchain, cryptocurrency, and digital payment systems.
In addition to the money, the company will also contribute with its expertise and resources to the research.
Ripple (XRP) will finance the blockchain and cryptocurrency study at 17 universities
For the time being, there are already 17 universities that will participate in Ripple’s UBRI project. Among them, there are some prestigious ones, such as Princeton or MIT, in the USA, while the others are in countries such as Australia, Luxembourg, or South Korea.
The universities’ dedication to the cryptocurrency and blockchain ecosystems will create new job profiles, while the aim of UBRI is precisely to encourage students to pursue a line of research in these fields. Universities may carry out the work and research they deem appropriate in any way they wish.
Besides Ripple (XRP) UBRI project, there are even more prestigious universities that are going to carry out research on cryptocurrency, a fact which says a lot about this digital financial ecosystem.