Ripple Expands University Blockchain Research Initiative in Europe

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Ripple has always shown its keen interest in entering the European market as it feels it’s easier for crypto to breathe in the UK than in the US. In yet another move, Ripple has expanded its University Blockchain Research Initiative (UBRI) program by partnering 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? 

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 the partner institutions, is planning to host a three-day virtual asset regulation workshop for students as part of the 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. 

The company started its UBRI program in Japan in 2019. The number of young people in Japan who use crypto has grown a lot, and all of them are in their 20s, according to the most recent statistics. Even though there isn’t a direct link to the UBRI program, it could be one of the reasons why young people are interested in risky assets. At age 20, this is a long-term plan for sure.