Ripple donates $50 million to a group of top universities

ChrisLarsen 2025-10-11 09:59 90015人围观 XRP

[Abstract] Ripple has pledged to invest $50 million in a blockchain research project, which is co-sponsored by top universities from around the world. The company has signed up to the initiative with 17 schools, including the University of Pennsylvania, U

【Abstract】Ripple has committed $50 million to a blockchain research project co-sponsored by top universities from around the world.

The company has signed up to the initiative with 17 schools, including the University of Pennsylvania, University College London and Korea University, as it seeks to "support the workforce of the future." The fund will support academic research, technology development and innovation in blockchain, cryptocurrency and digital payments.

Ripple is a San Francisco company that is currently developing a faster global financial payment network. Through the XRP digital token, financial institutions can conduct transactions faster on the network. The company said that certain university research and projects will involve Ripple’s technology and the XRP cryptocurrency.

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Eric van Miltenburg, Ripple’s senior vice president of commercial operations, said: “The Blockchain University research initiative is an affirmation of the unique role that universities play in advancing our understanding and application of cryptography and blockchain technology. It also shows that college graduates will drive the financial market and labor force to continue to develop and mature. ”

Ripple said that in the last year, 4,500 jobs on LinkedIn were labeled "blockchain" or "cryptocurrency," a 150% increase from the previous year, so the initiative was launched in part because of job demand.

Blockchain is the underlying technology for cryptocurrencies such as Bitcoin. This technology has unlimited prospects, and Ripple mainly solves real-time transaction problems for banks. At present, it has announced cooperation with American transfer giants MoneyGram and Western Union, as well as American Express, Santander and other companies. Let us look forward to their future development.