Ripple makes major blockchain R&D play

Ripple (XRP) has announced a donation of $50 million to 17 of the highest ranked US universities.

“As globalisation increases, so does the demand for technological solutions and talent to solve the world’s hardest financial problems, such as retail remittances,” says Ripple SVP of Business Operations, Eric van Miltenburg.

The donation is aimed at funding research and development in blockchain, cryptocurrency and digital payments at the likes of the University of North Carolina, MIT and the University of Pennsylvania.

Ripple states the project is in response to the increasing demand for IT experts with knowledge of blockchain and cryptocurrency. It adds that last year alone over 4,500 related jobs were posted on LinkedIn, a 150% increase from 2016.

A few university research projects will involve Ripple’s technology and the cryptocurrency XRP, although this will not be a requirement.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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