By Dana Sanchez
THistorically Black Baltimore university Morgan State has received funding to join a multi-university program aimed at accelerating academic research into blockchain and cryptocurrency.
The program, funded by Silicon Valley-based fintech firm Ripple, is
known as University Blockchain Research Initiative.
Morgan State joins 28 other universities that are also part of the blockchain research initiative including Georgetown, Carnegie Mellon and Duke universities.
San Francisco-based tech firm Ripple allows users to send money globally using blockchain technology. It uses the cryptocurrency XRP, considered a rival to Bitcoin and the second largest coin by market capitalization as of September 2018, according to the Wall Street Journal.
Morgan State received an undisclosed amount of funding from Ripple to underwrite a five-year academic partnership with Ripple on the
University Blockchain Research Initiative, Baltimore Business Journal reported. Overall, Ripple has committed at least $50 million to the program.
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The program allows Ripple to partner with universities to support academic research, development <g Click here to read entire article