- Ripple expands its Blockchain Research Initiative to four new universities in Europe.
- Since its expansion to Europe, Ripple said it has supported the initiative with over $11 million.
- Elsewhere, the company recently renewed its blockchain program at the University College of London.
Global crypto payment company Ripple, in a recent announcement, said it has expanded its University Blockchain Research Initiative (UBRI) to four new universities in Europe. The company said the expansion will support crypto research in these regions.
In a post on X, formerly Twitter, Sendi Young, Ripple’s managing director in Europe, shed more light on the expansion. Per the post, the new partners were Trinity College Dublin, EPITA in France, IE University in Spain, and the University of Trento in Italy.
With the latest addition, Ripple has now partnered with 14 universities in Europe. Launched in 2018, the research initiative has committed over $11 million to blockchain research in universities across Europe, the post stated.
According to Eric van Miltenburg, Ripple’s chief business officer, the initiative is a way to drive and transform blockchain and research in universities. He added:
It’s crucial that we arm the next generation with the knowledge and practical skills needed to build on blockchain technology for real-world utility. By providing more regulatory clarity—which means more opportunities for crypto projects to thrive—Europe is primed to accelerate this mission.
The latest partnership adds to a growing portfolio of research and educational initiatives by Ripple. Recently, the company announced it had renewed its Center For Blockchain Technologies (CBT) program in partnership with the University College of London.
The company said the CBT program will encourage XRPL adoption and growth in the region. Furthermore, it stated it will create accelerator programs to support early-stage ideas from developers and industry players.
Elsewhere, the company continues to register new developments despite unfavorable conditions in the crypto ecosystem and a regulatory tussle with the U.S. Securities and Exchange Commission (SEC).
Ripple and the SEC’s legal battle stretches on, with the regulator now seeking an appeal against an earlier court decision in July. The court’s decision had ruled that XRP did not qualify as a security except when offered to institutional investors. But the SEC wants the court to extend that ruling to all aspects of XRP’s offering.
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