Two Bullish News For Ripple!
Today we have two fantastic news concerning Ripple. Abra a mobile cryptocurrency platform has just said yes to accepting Ripple. This allows people from 155 different countries to purchase parts of high-priced stock such as Netflix, Amazon, and Facebook as well as ETFs with Ripple. Furthermore, Ripple has also recently teamed up with ten new universities to continue their Blockchain Research Initiative.
Now, let’s begin with Abra! According to The Daily HODL, XRP Nation tweeted to Billy Barhydt, the CEO of Abra that, I’m very excited about today’s announcement that I can soon purchase US stocks and ETFs with Bitcoin on the AbraGlobal App. Do you plan on offering native XRP on your platform and if so when. The #XRPCommrunity is awaiting your reply! The CEO replied Yes for XRP. However, he does not have a clear date as to when this may happen.
The exciting news came from the fact that Abra just a few days ago, shared with Coin Telegraph that they were introducing a Bitcoin Investment option for Stocks and ETFs.
Forbes also reported that the stocks and ETFs investment feature on the Abra platform are based on a new type of investment model called Crypto Collateralized Contracts (C3s).
This new model enables investors to invest in any asset via Bitcoin and smart contracts. Now, users can invest in 50 new traditional investment assets with no trading fees through 2019 via Bitcoin.
So what are my thoughts on the situation? I ‘m always glad to see companies adopt Bitcoin as a payment option. It’s very exciting, but since Abra has plans also to adopt Ripple, it signals the beginning of something. While it’s uncertain when they plan to adopt Ripple, the fact that other companies are looking at including other cryptocurrency tokens as opposed to just Bitcoin is excellent news for the industry at large. Here’s hoping that a similar trend takes off with other companies who are currently accepting Bitcoin or plan to in the future.
Now onto the second portion of the news. Ripple has just partnered with another top 10 universities for the blockchain research program.
This program is apart of their University Blockchain Research Initiative (UBRI). The universities joining include Carnegie Mellon, Cornell, Duke, Georgetown, Morgan State, Kansas, Michigan and Northeastern Universities in the US, the National University of Singapore and the University of Sao Paulo Internationally.
Ripple has been making pretty progressive strides in this area. Just last month Ripple also partnered with the Institute for Fintech Research at Tsinghua University in Beijing. The idea of the blockchain research program is to work in conjunction with Ripple’s resources. These Universities will undergo research, develop and launch relevant course materials. They will also award special scholarships to students undergoing work and study in relevant fields such as blockchain, cryptocurrency, digital payments, and related subjects, and they will also host relevant conferences. Ripple now has in total 29 University partners.
This is fantastic news for the academic arm of the blockchain industry. When we look to blockchain and crypto, we tend to look at the companies and startups in the field, the price of the token, but tend to neglect other things such as the educational components required for the next gen. It’s a great initiative by Ripple as investing in knowledge and education for the next gen is a crucial component to keep everyone updated. We can’t expect the blockchain and cryptocurrency industry to grow if there is no investment in the next generation of engineers, entrepreneurs, developers, etc.
So what do you guys think of both situations?
Do you think more companies will follow Abra and will provide more cryptocurrency options like Ripple as a means of payment?
And do you think Ripple is performing well with their University initiative?
Let me know what you guys think in the comments below. It’s Cindy with CryptoPig, Catch you guys around!
Please join us at our Telegram Group and follow us.
Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.