Ripple recently expanded its University Blockchain Research Initiative (UBRI) by adding four European universities, as announced in a press release. According to Ripple, the expansion will help fund crypto research in these areas.
The managing director of Ripple in Europe, Sendi Young, provided more information about the growth in a post on X, formerly known as Twitter. IE University in Spain, Trinity College Dublin, EPITA in France, and the University of Trento in Italy were listed as the new partners in the post.
The Influence of UBRI on Blockchain Research
With this most recent partnership, Ripple has now collaborated with 14 colleges in Europe. According to the post, the research project, which started in 2018, has allocated more than $11 million to blockchain research at institutions throughout Europe.
The programme is a way to advance and revolutionize blockchain and academic research, according to Eric van Miltenburg, Chief Commercial Officer of Ripple. He also stated:
“It’s crucial that we arm the next generation with the knowledge and practical skills needed to build on blockchain technology for real-world utility. By providing more regulatory clarity—which means more opportunities for crypto projects to thrive—Europe is primed to accelerate this mission.”
The most recent collaboration broadens Ripple’s array of research and teaching projects. Ir recently declared that it had renewed its Centre For Blockchain Technologies (CBT) programme in collaboration with University College London.
The company claimed that the CBT program would promote the use and expansion of XRPL in the area. Additionally, it declared that accelerator programs would encourage early-stage concepts from developers and industry stakeholders.
Ripple Grows Amidst Clash with SEC
Despite unfavourable conditions in the crypto ecosystem and a legal dispute with the U.S. Securities and Exchange Commission (SEC), the company continues to record new developments elsewhere.
The SEC is now requesting an appeal of a July court ruling in the ongoing legal dispute between Ripple and the SEC. According to the court’s ruling, XRP is not a security unless it becomes available to institutional investors. However, the SEC is pleading with the court to apply that decision to every facet of XRP’s offering.