Ripple has sponsored 45 universities and 1,000 research projects to date

Ripple Labs, a fintech company based in California, has recently announced that its University Blockchain Research Initiative (UBRI) has supported over 45 universities across 20 countries and sponsored over 1,000 research projects since its establishment in 2018.

Launched in June 2018, the University Blockchain Research Initiative aims to accelerate academic research, technical development, and innovation in the fields of blockchain, cryptography, fintech, and digital assets.

Initially committing over $50 million, the initiative provides financial and technical resources to research organizations and universities worldwide, promoting the development of teaching programs, collaborative research in the industry, and exploring blockchain technology applications.

Since its launch, UBRI is said to have facilitated the introduction or expansion of 345 courses.

The initiative started with 17 universities in 2018 and quickly expanded, adding 11 universities in early 2019, including reputable names such as Carnegie Mellon University, University of Kansas, National University of Singapore, and Cornell University.

Despite facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) in December 2020, Ripple Labs continues to expand the UBRI program, creating new collaborations and reinforcing its commitment to the academic community.

Last month, the price of XRP surpassed the downward trend as Ripple’s General Counsel, Stuart Alderoty, explained that the latest ruling in the lawsuit has made him more confident than ever in Ripple’s chances of winning.

XRP Ledger, an open-source, decentralized blockchain platform designed for fast and efficient cross-border transactions, has recently exceeded 79 million ledger accounts as adoption continues to increase.

Despite the legal challenges, Ripple Labs and its UBRI initiative continue to make strides in the academic community, supporting research and development in blockchain technology and related fields.

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