Ripple Donates $50 Million to Universities: In May 2018, Ripple donated $4M to the Ellen Wildlife Fund. The crypto and payments startup did so with the help of actor Ashton Kutcher. Now, it’s June of 2018, and we have seen yet another donation come from the hands of Ripple. This time, however, the sum is more than $4 million. In fact, there is a $46M difference between this donation and Ripple’s donation to the Ellen Wildlife Fund.
The extra money is worth it, though. Saving the Gorillas is very, very important, but so is educating University students on all that is cryptocurrency and blockchain. Why is that? Because this is the demographic that will be working in these fields in years to come. Therefore, there should be less of an emphasis on teaching Baby Boomers, and more of an emphasis on educating Millenials. Ripple understands that.
Ripple Donates $50 Million to Universities
It’s recognized that there is a growing interest in blockchain technology. In fact, China Central Television said yesterday that blockchain has the ability to become 10x “more valuable than the Internet.” However, attracting people to the blockchain sector is not the problem. The problem is keeping those in the sector safe.
In order to do so, people need to be educated on the technology. That’s one of the reasons why Ripple has created the University Blockchain Research Initiative. Essentially, Ripple wants University students to learn the ropes of blockchain and crypto so that when they graduate, they can safely enter that workforce.
Moreover, Ripple says there is a high demand for blockchain jobs. This is true, but many forget that those applying to those jobs will be Millenials, fresh out of University. If this demographic is not taught about the industries in their post-secondary education, how is the industry going to grow and expand? Sure, Google is a great place to find unanswered questions, but you can’t learn about blockchain entirely from the Internet.
That’s why Ripple has donated $50 million to 17 Universities in the U.S, including MIT and the University of Oregon. The money will go towards furthering academic research and development in crypto and blockchain. The donation will not be paid in XRP; it will be paid in dollars.
Where is the $50 Million Going?
Combined by country, here is a list of schools that Ripple has donated money too:
– The University of Waterloo
– The University of Oregon
– The University of North Carolina
– The University of Texas at Austin
– The University of California, Berkely
– The University of Pennsylvania
– Princeton University
– Fundacao Getulio Vargas
– Delft University of Technology
Ripple Donates $50 Million to Universities | The Takeaway
What do you think about Ripple’s latest altruistic act?
Featured Image: Depositphotos/© joshuarainey