Canada’s Largest University Links Up With Ripple

By Anthony • June 12, 2023 8:51 pm • Comments

The University of Toronto which is by far the largest university in Canada has a new partnership with Ripple.

In an effort to increase the support of crypto in the next generation the University of Toronto “plans to start an independent XRP ledger validator.”

Ripple’s University Blockchain Research Initiative was the one who orchestrated the partnership with the University of Toronto and in a press release stated: “This newest UBRI partnership helps to grow a program that is already supporting important blockchain and crypto technology research in Canada while providing students with opportunities to acquire technical skills for a crypto-native career.”

Trending: Ripple Joins New Digital Dollar Initiative for U.S. CBDC Program

 

Here’s what Coin Desk reported:

The University of Toronto, the largest university in Canada by enrollment, plans to start an independent XRP ledger validator, which primarily processes payments, in a new partnership with Ripple as it seeks to support the next generation of the crypto industry.

The move is part of Ripple’s University Blockchain Research Initiative (UBRI) in Canada, under which the firm has already invested more than $2 million in the country’s top universities and colleges over five years, according to a press release.

“This newest UBRI partnership helps to grow a program that is already supporting important blockchain and crypto technology research in Canada while providing students with opportunities to acquire technical skills for a crypto-native career,” the statement said.

The University of Toronto joins current Canadian UBRI partners, University of Waterloo and Toronto Metropolitan University, Ripple said in the statement.
Ripple launched UBRI in June 2018, committing over $50 million to the effort and partnering with 17 universities from across the world at the time. Since then, it has distributed more than $47 million to its global university partners and increased its commitment to $80 million this year, according to a spokesperson.
The initiative comes at a time when U.S. is cracking down on the crypto industry, driving some companies to other regions. Coinbase, which was a target of recent SEC lawsuits along with rival Binance, even praised Canada’s approach to regulating the crypto industry.

 

Check out what Cointelegraph reported:

The University of Toronto plans to launch an independent XRP Ledger (XRPL) validator, Ripple announced June 12, as the university will become part of Ripple’s University Blockchain Research Initiative (UBRI). The partnership will support blockchain and crypto technology research at the university.

The partnership will also advance Ripple’s XRPL Campus Ambassador program, which “aims to elevate the impact of college students” by helping “educate other students about crypto and how to start building on the XRPL.” University of Toronto professor Andreas Veneris commented:

“Hosting an XRP Ledger validator matches our goals in both promoting education around the XRP Ledger […] but also the public’s trust in scholars for their long-standing ethos to advance social wellbeing.”
The University of Toronto, Canada’s largest university by enrollment, joins the University of Waterloo and Toronto Metropolitan University as Canadian UBRI participants. Ripple has invested $2 million in research in Canada in the past five years. In total, the UBRI has supported more than 45 universities in 20 countries, according to its website.

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