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kenrino

The Real Reason Ripple and Binance are Committing Funds for Crypto Research

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Positive article about Ripple and Binance:

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Funds coupled with the experience of leaders like Ripple, Binance, and Block.one will be a strong enabler and accelerator for the most interesting blockchain startups

https://medium.com/@daviddrake_64812/the-real-reason-ripple-and-binance-are-committing-funds-for-crypto-research-b451c467f677

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Very nice find @kenrino great stuff!

"The University Blockchain Research Initiative comes just days after Binance, the largest cryptocurrency exchange in trade volume, announced plans to launch a $1billion venture capital fund dubbed “Social Impact Fund”. The fund will focus on financing cryptocurrency and blockchain startups involved in custodial solutions, security tokens platforms, stablecoins and decentralised exchanges."

"Isaiah Jones, Vice President for Growth at SportsFix lauded the move by the two firms saying, “It’s great to see these big players dedicating resources to further the development of blockchain technology. This will accelerate education, market adoption and essentially bring blockchain and cryptocurrency to the mainstream."

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Posted (edited)

Very Good Read @kenrino Thanks for posting! 🏆

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According to Tejas Tholpadi, CTO at Avalon Labs, the right time for institutions and organizations to develop the technology further is ripe so that blockchain can serve as the crypto-based financial system of the future.

He notes, “The future of payments is cryptocurrency. Now is the time when institutions and organisation must come up with the technology that will serve as the backbone of tomorrow’s financial system. Investing in crypto research is not just important, but essential today.”

 

Edited by zenkert

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