Ripple Invests $11 Million in European Blockchain Education
Ripple, the blockchain company, is making significant strides in Europe, signaling its commitment to both crypto education and strengthening its European connections. In a recent development, Ripple has expanded its University Blockchain Research Initiative (UBRI) program by forging partnerships with four prominent European universities: IE University in Spain, the University of Trento in Italy, EPITA in France, and Trinity College Dublin in Ireland.
This initiative aims to advance blockchain research and education across Europe. Is this move to only educate the folks or the firm is strengthening its ties with Europe as the US is getting a bit hard on crypto rules?
Investing in Europe’s Blockchain Future
Notably, over the past five years, UBRI has invested over $11 million in its partner institutions in Europe, contributing to the region’s emergence as a global blockchain hub. This move reflects Ripple’s commitment to equip the next generation with practical skills for real-world blockchain applications.
IE University, one of Ripple’s partner institutions, is planning to host a three-day virtual workshop focused on asset regulation for students, as part of their collaboration with UBRI.
“We are delighted to partner with Ripple’s #UBRI and IE University is proud to help prepare the next generation of leaders toward a crypto- and blockchain-enabled economy with the support of #UBRI for years to come.”
Eric van Miltenburg, Senior Vice President of Strategic Initiatives at Ripple, highlighted the importance of this blockchain research initiative. The firm aims to equip the next generation with practical skills to harness the potential of blockchain for real-world applications.
UBRI’s Global Expansion
Ripple initially launched its UBRI program in Japan in 2019. Notably, the number of young people in Japan using cryptocurrencies has surged, primarily among individuals in their twenties, according to recent statistics. While there may not be a direct link between the UBRI program and this trend, it raises questions about its role in piquing the interest of young people in volatile assets.
One thing is clear; Ripple’s approach is focused on the long term, as it continues to expand its global footprint.
By extending its UBRI program into Europe, Ripple is not only fostering blockchain research and education but also strengthening its ties with the continent, positioning itself strategically in the evolving crypto landscape.