Ripple has been working hard over the past couple of months mostly working on increasing the knowledge on blockchain technology in universities through their University Blockchain Research Initiative (UBRI) which was first launched in June last year. We are going to find out more in today’s crypto news about this great program which now includes 29 schools.
There are plenty of popular universities on the list such as Cornell, Georgetown University, University of Kansas, University of Michigan, Institute for Fintech Research, the National University of Singapore and much more.
The program is mostly focused on academic research, innovation, blockchain, cryptocurrency, and digital payments. The UBRI program is designed to teach people in engineering and software development to find their career paths perhaps in the blockchain industry.
For example, UBRI has partnered with the University of California-Berkeley which has allowed for the creation of multiple departments and collaboration between students on research projects and blockchain-related activities.
There aren’t many examples of the same type of collaboration but because the blockchain technology has an incredible amount of use cases, the heads of the different school departments were able to see how learning more about this technology would improve the advancement in the career of their students.
Ripple has managed to partner with 29 schools in about 7 months which is a great sign for the future of blockchain into the world of the academy. There might be still some new technological breakthroughs in the future as a result of the blockchain protocol and Ripple seems to have the front row seats to be the first company to benefit from those innovations.
MoneyGram And Ripple Extend Their Partnership With $11.3 Million
"MoneyGram continued to expand its strategic partnership with Ripple as the first money transfer company to scale the use of blockchain capabilities."Nothing in the SEC filings state what Ripple's investment will be used for. Still, MoneyGram's agreement with Ripple has previously allowed it to use XRP and its blockchain product named ODL (On-Demand Liquidity) to facilitate cross-border payments.
"[MoneyGram] is compensated by Ripple for developing and bringing liquidity to foreign exchange markets, facilitated by Ripple's blockchain, and providing a reliable level of foreign exchange trading activity. The Company expects that this partnership, at scale, will reduce our working capital needs and generate additional earnings and cash flows."MoneyGram and Ripple already were in a financial tie. The two firms announced their partnership back in January 2018 when MoneyGram decided to integrate XRP into its payment system. In June 2019, we saw that the two firms entered into a partnership to collaborate on cross-border payments and foreign exchange settlements with digital assets. The blockchain news then showed that Ripple followed through with a $50 million investment, completed in November. Despite the close working relationship, not all money transfer methods are being handled by Ripple. Reports recently showed that MoneyGram unveiled FastSend, a service which allows for real-time money sending based on Visa. While Ripple is doing good by expanding its partnerships and actively improving its blockchain, the token is falling down just like many other altcoins. Right now, the Ripple news and XRP updates show that the coin is in a 8.33% decline, going to new levels at $0.2438 in the wake of a major selloff which occurred on the markets overnight. The total cryptocurrency market today is at $261 billion.
XRP Traders Turn Bullish, Price Could Reach $0.46: Analysis
“#Ripple CEO Brad Garlinghouse said that stressing compliance is key to getting bankers on board with #crypto. We don't need bankers to get involved in the crypto. Maybe he and his company do, but the space doesn't. Crypto doesn't need banks, because crypto will replace them.”Brad Garlinghouse was in an interview when he commented that there are too many crypto assets out there. There are about 3,000 different digital assets that are trading on a daily basis.
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