The post Ripple Puts $5 Million More into Blockchain Research in Asia-Pacific appeared first on Coinpedia Fintech News
Ripple is stepping up its commitment to blockchain research and talent development in the Asia-Pacific (APAC) region. The company has announced a new round of funding worth over $5 million to universities across six countries through its University Blockchain Research Initiative (UBRI).
This money is part of Ripple’s big push to get more people to understand and use blockchain technology in real life.
Ripple’s Expanding Support in Universities
APAC has become a hot spot for digital finance and innovation. With countries like Japan, South Korea, Singapore, and Australia leading the way in fintech, Ripple sees huge potential in investing here.
Many of these countries already have friendly rules and a strong community of developers and startups, making it the perfect place to test and build new blockchain ideas.
In South Korea, Yonsei University will get $1.1 million from Ripple. This money will help them study new ways to use blockchain in finance and technology. In Japan, Ripple has given $1.5 million to Kyoto University and the University of Tokyo to help their students learn more about blockchain.
Meanwhile, in Singapore, Ripple’s support has grown to more than $3 million across Nanyang Technological University and the National University of Singapore.
New Projects in Taiwan and Australia
Ripple isn’t stopping there. In Taiwan, Ripple is working with the National Kaohsiung University of Science and Technology. They want to find out how to use blockchain to create tokens for real-world things, like art or buildings.
Australia has also seen Ripple deepen its partnerships, with $1.3 million now spread across the Australian National University and Victoria University.
Ripple’s Broader Mission in Education
This new funding comes just weeks after Ripple pledged $25 million to help teachers in the U.S. access better resources. Earlier this year, Ripple also launched a nonprofit called the National Cryptocurrency Association to boost crypto education in the country, with plans to provide $50 million in funding.
However, this growing development will have a bullish impact on Ripple native XRP, which is currently trading around $2.28 reflecting a jump of 2% seen in the last 24 hours, with a market cap hitting $2.94 billion.
