Ripple invests 50 million dollars for university research

Ripple invests 50 million dollars for university research. The goal is to accelerate the development of the blockchain and to cradle the growth of young talents.

Ripple is investing millions of dollars in some top universities to accelerate the adoption of the blockchain technology. This was stated by the company itself, which confirmed the launch of a partnership with 17 colleges on Monday, including the University of North Carolina, MIT and the University of Pennsylvania. Through the program “University Blockchain Research Initiative", Ripple will donate $ 50 million for research and development of blockchain, cryptocurrency and digital payments. However, the donation is in dollars and not in cryptocurrency - the company said.

"With the increase in globalization, the demand for technological solutions and talents to solve the world's most difficult financial problems, such as remittances," also increases - said Eric van Miltenburg, vice president of corporate operations of Ripple.

The company said the initiative was launched in part to meet the needs of the working world. Ripple in fact, he recalls that more than 4.500 job positions with the terms "blockchain"Or" cryptocurrency "were published on LinkedIn last year, with an increase of 150% compared to the previous year, and it is likely that the situation will continue on this rhythm for a long time, generating a potential professional gap.

We remember that blockchain it's the technology behind cryptocurrencies like Bitcoin. And that while there are countless uses for that technology, Ripple's focus is primarily on real-time transaction agreements for banks. For this reason, the company has also announced partnerships with the big USA MoneyGram and Western Union, as well as with American Express and Santander.

We also recall that Ripple is the name of the San Francisco-based technology company, which is developing a network for faster and more efficient global financial payments. XRP is the name of its digital token, which financial institutions can use to carry out transactions on their network. Often, however, for convenience, the same token is also called Ripple: in this regard, we conclude by specifying that today Ripple owns about 60 billion of the 100 billion XRP produced.