There has been a huge amount of money being invested into development and research space in the Cryptocurrency and Blockchain space, Ripple has now joined the academic community by investing in the research initiative in this soaring industry.
This money will go into the universities that Ripple has partnered with towards academic research and technical development in Blockchain, Cryptocurrency and Digital Payments.
Initially Ripple is partnering with 17 Universities across the globe which includes prestigious institutions like MIT, Princeton, Stanford and University of London. IIT Bombay which is one of the most prestigious institutes in India is also a part of the list.
Eric van Miltenburg, SVP of Ripple told Business Insider:
Academia has traditionally been a critical driver of technical innovation. The University Blockchain Research Initiative is an acknowledgement of the vital importance of the unique role universities will play in advancing our understanding and application of cryptography and blockchain technology. It also speaks to the reality that university graduates will fuel a continually evolving and maturing financial marketplace and workforce
The topics that will be studied by different universities are:
Money seems to be poring into the industry for faster growth of the technology and Ripple seems to be allocating capital into initiatives that will help accelerate their growth . Recently they donated $4 Million to a cause initiated by Ellen Degeneres and were featured on the Ellen show.
Ripple Tweeted:
Source: Ripple
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