Altcoin News: Ripple Co-Founder Donated $25 Million in XRP to American University

April 8, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Chris Larsen, a co-founder of Ripple, donated $25 million in XRP to San Francisco University.

University representatives stressed that this donation was the largest donation in crypto assets received by an educational institution in the United States. They said that funding would be transferred to the university’s business college. The funds will help support college students.

“This groundbreaking gift will position the College of Business as an evolving, distinctly diverse and industry-relevant epicenter of business innovation and entrepreneurship,” said university representatives.

The University launched the fundraising campaign “BOLD Thinking”, within which $136 million has already been raised, with a target of $150 million.

Recall that XRP is the third largest global cryptocurrency. Currently, the XRP token is being traded at $0.36. Recently, an ETP on the XRP token was launched on the Swiss stock exchange (SIX). The new product received the AXRP symbol and became the fourth ETP launched by Amun AG at the SIX.

Author: Marko Vidrih