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Ripple (XRP) to donate 50 million dollars to 17 top universities for encouraging blockchain adoption

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The blockchain technologies represent something similar to the disruptiveness experienced with the internet back in the 90s. This cutting-edge technology that we mostly know as the host behind cryptocurrencies has an immense broadness of possibilities that most people are just barely starting to understand at the moment.

Of course, in the measure that we get to use more the blockchain, the more we will know all of the capabilities behind it, and that’s for sure something that companies like Ripple (XRP) have more than clear.

In this sense, it was known this Monday that Ripple, still a start-up but highly regarded crypto in the industry, just decided to make a courageous bet on the blockchain adoption. Like this, the company resolved to invest the remarkable amount of 50 million dollars in several renowned universities (17 total) among we can find the University of North Carolina, the University of Pennsylvania, and a research institute at MIT (Massachusetts Institute of Technology).

Furthermore, the investment will have an objective to promote and boost the adoption of the blockchain technologies. Of course, as a cryptocurrency user, this is a fact that cannot be ignored, and I can say I’m more than thrilled to get to know about it. Let’s see how it goes!

University Blockchain Research Initiative

Under the name of “University Blockchain Research Initiative,Ripple has created a program that seeks to boost the adoption of the blockchain technologies. At least $50 million will be donated to the program, and the company has already clarified that the donation will be in actual dollars and not crypto.

According to declarations made by the Senior Vice President of the company,  Eric van Miltenburg, the initiative surged from an astonishing increase in the demand of jobs related to the blockchain. Miltenburg stated that this year alone at least 4,500 jobs were published with the words “blockchain” or “cryptocurrencies” on the social network LinkedIn.

Besides noting this represents an increase of 150 percent compared to the offers in the site that involved such terms last year, he continued and said that this is a natural thing to happen as every time we live in a more globalized environment where the demand of technological solutions every day increases, a fact of which the blockchain would not be the exception.

Let’s recall that the blockchain is the technology that serves as the conductor for what we know as virtual coins or cryptocurrencies. In fact, Ripple is a company related to the sector specifically through products that seek to improve real-time operations for financial entities.

The company possesses its very own cryptocurrency dubbed XRP, a coin that currently is ranked as the number 3 of the market by the market capitalization tracker site Coinmarketcap. Although the primary purpose of the program is not to enhance the usage or performance of the digital coin of Ripple, the company specified that some universities involved in the study would use the products of Ripple and most likely the XRP token.

Conclusion

This initiative represents without a doubt a very positive thing for the cryptocurrency industry. Even when the purpose is not to promote the usage of cryptocurrencies, it still is an excellent approach as it will give the opportunity to interact with the technology behind such financial forms.

This can definitely be the start of a very good time for Ripple (XRP), which despite being the number 3 of the market as of the moment has had one of the worst performances of the sector on 2018.

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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.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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