Sunday, April 11, 2021

Ripple Commits $50M in Partnership with Top Universities to Accelerate Technical Development in Digital Payments

Ripple, the cross-border payment firm, is collaborating with top universities around the world to support and accelerate academic research, technical development, and innovation in blockchain, cryptocurrency, and digital payments.

Ripple’s university partnerships team will be working with University Blockchain Research Initiative (UBRI)’s partners to help students identify research, technical projects, and other academic activities they will pursue as part of the UBRI program.

According to Ripple, each participating university forms its own topics and areas of focus. The firm will also support students and faculty with strategic guidance, technical resources, and funding where necessary.

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This program is also targeted at inspiring students, including people that have diverse backgrounds and experiences, to recruit them with the workforce of the future, based on blockchain, distributed computing, banking, and financial technology. In the report, the blockchain tech indicated that there is no plan to seek additional UBRI partners at the moment

The report reads in part:

“Ripple is excited to help create a more robust and valuable global blockchain ecosystem for all and to address the growing demand around the world for new technological solutions, use cases, and talent.”

How Much Ripple Is Committing To This Program

According to the report, Ripple is committing $50 million to this initiative. Also, the firm has the intention to commit additional financial and technical resources, coupled with the provision of continued access to IP and its staff as the program advances.

This new partnership is part of the strategies the cross-border payment firm has initiated to make the understanding in blockchain, cryptocurrency, digital payment spread across the world.

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The academic partners according to Ripple are as follows:

“University of Oregon, University of Waterloo, Korea University, Princeton University, Carnegie Mellon University, University of Nicosia, University of Luxembourg, University of Oxford, Kyoto University, University of Tokyo, University of Michigan, Morgan State University, among others.”

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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