So far Ripple supported 1000+ academic blockchain research

On Apr 14, 2023

Ripple’s University Blockchain Research Initiative (UBRI) supported more than 1000 researchers in more than 20 countries in the world, to push innovations in the crypto & blockchain sector.

Ripple is a San Francisco headquartered fintech company. This company uses XRP coin trade liquidity to provide global payment solutions to multinational companies. Ripple Labs is the engineering team behind the XRP ledger (XRPL), a Proof-of-stake (PoS) technology-based blockchain network behind the XRP coin.

In 2018, Ripple established the University Blockchain Research Initiative (UBRI). Since the inception of this division, Ripple aims to push academic research, technical development, and innovation in the realms of blockchain, cryptography, fintech, and digital assets.

With initial $50 million funding, Ripple aimed to provide technical resources to the crypto & blockchain researchers under the UBRI agency.

On 12 April 2023, Ripple announced that UBRI has funded 45+ university partnerships & supported 1000+ research projects to drive critical blockchain research and development across the world, year to the date.

Since 2018, #UBRI has funded 45+ university partnerships & supported 1000+ research projects to drive critical blockchain research and development around the globe.

See how UBRI helps develop the next generation of global changemakers. https://t.co/v2qGCBtN9s
— Ripple (@Ripple) April 11, 2023

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Ripple confirmed that the company never lost its motivation to push academic research in the blockchain sector despite its legal fight with the United States Securities and Exchange Commission (SEC).

Ripple vs SEC

In Dec 2020, The US SEC filed a Lawsuit against Ripple & its executives over the sale of more than $1.3 billion worth of XRP tokens publicly.

The SEC agency alleged that the XRP token is an unregistered security and also that the price of the XRP token is dependent on Ripple’s ongoing development works, more likely a security asset.

More than 2 years have been completed in this legal fight, but still, the SEC agency failing to prove any kind of particular nature of the XRP token.

Recently a legal expert noted that an SEC expert officially stated that XRP token price was fully dependent on the crypto market performance, so now in this situation Ripple may face a very small amount of fine & further XRP token will grab legal approval to trade on all the American crypto exchanges.