Ripple (XRP) to donate 50 million dollars to 17 top universities for encouraging blockchain adoption

The blockchain technologies represent something similar to the disruptiveness experienced with the internet back in the 90s. This cutting-edge technology that we mostly know as the host behind cryptocurrencies has an immense broadness of possibilities that most people are just barely starting to understand at the moment.

Of course, in the measure that we get to use more the blockchain, the more we will know all of the capabilities behind it, and that’s for sure something that companies like Ripple (XRP) have more than clear.

In this sense, it was known this Monday that Ripple, still a start-up but highly regarded crypto in the industry, just decided to make a courageous bet on the blockchain adoption. Like this, the company resolved to invest the remarkable amount of 50 million dollars in several renowned universities (17 total) among we can find the University of North Carolina, the University of Pennsylvania, and a research institute at MIT (Massachusetts Institute of Technology).

Furthermore, the investment will have an objective to promote and boost the adoption of the blockchain technologies. Of course, as a cryptocurrency user, this is a fact that cannot be ignored, and I can say I’m more than thrilled to get to know about it. Let’s see how it goes!

University Blockchain Research Initiative

Under the name of “University Blockchain Research Initiative,” Ripple has created a program that seeks to boost the adoption of the blockchain technologies. At least $50 million will be donated to the program, and the company has already clarified that the donation will be in actual dollars and not crypto.

According to declarations made by the Senior Vice President of the company,  Eric van Miltenburg, the initiative surged from an astonishing increase in the demand of jobs related to the blockchain. Miltenburg stated that this year alone at least 4,500 jobs were published with the words “blockchain” or “cryptocurrencies” on the social network LinkedIn.

Besides noting this represents an increase of 150 percent compared to the offers in the site that involved such terms last year, he continued and said that this is a natural thing to happen as every time we live in a more globalized environment where the demand of technological solutions every day increases, a fact of which the blockchain would not be the exception.

Let’s recall that the blockchain is the technology that serves as the conductor for what we know as virtual coins or cryptocurrencies. In fact, Ripple is a company related to the sector specifically through products that seek to improve real-time operations for financial entities.

The company possesses its very own cryptocurrency dubbed XRP, a coin that currently is ranked as the number 3 of the market by the market capitalization tracker site Coinmarketcap. Although the primary purpose of the program is not to enhance the usage or performance of the digital coin of Ripple, the company specified that some universities involved in the study would use the products of Ripple and most likely the XRP token.

Conclusion

This initiative represents without a doubt a very positive thing for the cryptocurrency industry. Even when the purpose is not to promote the usage of cryptocurrencies, it still is an excellent approach as it will give the opportunity to interact with the technology behind such financial forms.

This can definitely be the start of a very good time for Ripple (XRP), which despite being the number 3 of the market as of the moment has had one of the worst performances of the sector on 2018.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pxhere.com

The post Ripple (XRP) to donate 50 million dollars to 17 top universities for encouraging blockchain adoption appeared first on Global Coin Report.