The San Francisco-based cryptocurrency and payment start-up, Ripple, is hoping to boost up the adoption of blockchain technology. They decided to donate $50 millions to 17 universities and colleges throughout the U.S.A. in order to promote blockchain.
One of the main reasons is the need for jobs in that technology field as 4500 job openings were including the terms “blockchain” and “cryptocurrency” into their descriptions on LinkedIn. Thus universities like the M.I.T. or the University of North Carolina will get a chunk of this donation.
Eric van Miltenburg, Senior Vice-President of business operations at Ripple sent an email stating, “As globalization increases, so does the demand for technological solutions and talent to solve the world’s hardest financial problems, such as retail remittances.”
Ripple’s technology surrounding the cryptocurrency XRP could be a part of some studies and projects by universities, despite not being an obligation according to the company.
For the record, the donations were made in dollars, not in cryptocurrency.