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

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Ripple XRP

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.

Image courtesy of Pxhere.com

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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