Ripple co-founder Chris Larsen announced to attendees at a San Francisco State University celebration on Thursday that the company would donate $25 million in XRP to the university. The University stated the Ripple bequest was the largest cryptocurrency donation ever made to a U.S. university.
As CCN reported, Ripple (XRP) was up almost 13-percent ahead of the open of European markets on Friday. The donation to SFSU was a continuation of Ripple’s University Blockchain Research Initiative announced in June of 2018. The UBRI committed $50 million in resources that included funding, subject matter expertise and technical resources to 17 institutions around the world.