Ripple Donates $50 Million to 17 Universities to Promote Blockchain Research


Ripple, the startup behind the third largest cryptocurrency by market cap, XRP, has launched a $50 million fund to support blockchain research across seventeen universities.

The fund has been created alongside seventeen universities worldwide including Princeton, University College London, the Massachusetts Institute of Technology (MIT), and universities in India, South Korea, Cyprus, Brazil and Luxembourg. These institutions will be able to utilize financial resources from the University Blockchain Research Initiative (UBRI) to pursue emerging technologies.

Working alongside Ripple, universities will develop programs to educate students on blockchain technology, financial technology and digital currencies. These programs are ultimately part of an effort to stimulate innovation and education in the young industry.

UBRI is currently supporting its partners work on research programs, including Princeton’s Center for Information Technology Policy (CITP), which is developing programs to study the policy impact of digital currencies and blockchain technology.

Ten companies are included in URBI’s latest project, which is led by the Computer Science and Artificial Intelligence Lab at MIT. These initiatives involve topics including global payments and cybersecurity.

Last March, Ripple donated $29 million worth of XRP to thousands of public schools across the United States through and in late May, Ashton Kutcher gave Ellen DeGeneres $4 Million in XRP on behalf of the Ripple Foundation for her new wildlife fund.

More: Ripple Introduces the University Blockchain Research Initiative
Similar: Ashton Kutcher Goes Viral: Donates $4 Million in XRP to Ellen’s Wildlife FundRipple Donates $29 Million of XRP to Public Schools
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