Ripple gives multi-million dollar bursary to a research organization

Berkely Haas, a growing business school under the University of California, has been awarded a multi-million-dollar grant from Ripple’s University of Blockchain Research initiative in a bid to foster a blockchain research program.

It is worth noting that Ripple is a growing company in the emerging blockchain industry and it is also a mega cross-border settling company of new age. The research program has been aimed to support research, courses, and student activities in the blockchain industry, cryptocurrency, and digital payments.

Furthermore, Haas business school is a beneficiary of Ripple’s grant, and it now pleads for different bids from individuals with eligible innovations in the school.

A letter issued by the Institute for Business and Social Impact (IBSI) gave vital information concerning the bid and what the grant will offer when it comes to research and student activities in the blockchain industry.

The letter also indicated that critical courses such as Engineering, Law, and others in the school would be included during the research. Additionally, the grant offered by Ripple will be used to fund the faculty, research processes, and other related events on the Berkley-Hass campus.

Subsequently, the IBSI aims to give grants to academic activities which include, Blockchain and distribution systems, cryptocurrency and digital payments, and cryptography. Also, it relates to the aforementioned topics related subject areas such as blockchain for economic development and global financial inclusion will be considered too.

The letter also indicated that funding is available for the faculty to back their research, teaching, curriculum, development, case studies, cross-developmental collaboration, thought leadership, and other research activities in the mentioned subject areas.

Additionally, the letter stated that the institute would support graduate research program for $5,000 maximum and undergraduate research program for $3,000 maximum. Faculty research will be given $15,000 maximum.

The various research pitches are to be based on Ripple blockchain about smart contracts, regulatory issues and the technicalities of XRP’s ledger.

It was also stated that under exceptional circumstances, IBSI would fund research beyond the maximum levels stated and that if there be any need for additional funding, then the amount needed should be indicated. It is also essential to note that the funding projects will commence between Jan 1 and June 30, 2019; student research projects must be completed within a year after the commencement date.

Ripple’s XRP Current Market Overview

Ripple’s XRP is one of the top digital assets so far in the market today. It’s not just another virtual currency, company’s blockchain helps banks to connect to another payment providers via RippleNet to provide a frictionless experience when sending and receiving money.

That said, its token, XRP, seems to be staying strong in the crypto space despite everyone else having a nosedive. At the time of writing, XRP is trading at $0.495 and is in the red by 3% (Bitcoin is down by more than 9%, and Ethereum is in red by more than 12% in the last 24 hours).

In the past one week (from Nov 10 to Nov 17), the cryptocurrency made 0.77% profit. Its 24-hour high is $0.50 but has a low of $0.47. The digital asset now occupies the second position with $19.5 billion market cap, thus, surpassing Ethereum by $4 Billion.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Rawpixel/PixaBay