Ripple Extends University Investment Program to Japan

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The 2018 program now boasts 33 participants including Princeton University, Carnegie Mellon, and the National University of Singapore, among others.

Ripple committed $50 million toward the project to develop blockchain, cryptocurrency, and digital network programs.

The University of Tokyo will also issue scholarships with the funds.

"University partners will continue to increase positive awareness of the transformative impact that blockchain technology will have across various industries," SVP of Global Operations at Ripple Eric van Miltenburg said.

Academia continues to play a role in Ripple's roadmap.

The payment network announced commitments to the Brazilian Universities of São Paulo and Fundação Getulio Vargas in June as part of a greater South America investment strategy.

At the time, Ripple reported it was adding two to three financial institutional partners to RippleNet per week in the region.

Still, quarterly sales for Ripple's XRP are on the rise.

Ripple's Q2 numbers were up 50% with $251.51 million XRP sold.

Following inflation criticisms, Ripple plans on slowing its sales across the board in Q3. Lanterns image via Flickr.

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