Ripple Labs has been actively expanding its presence in Canada, collaborating with the University of Toronto and the University of Waterloo. The University of Waterloo has been researching Central Bank Digital Currencies (CBDCs) built upon the XRPL, and is set to unveil a prototype of a banking interface at UBRI Connect 2023. Ripple Labs has also invested more than $2 million in leading Canadian educational institutions, nurturing innovation and fostering growth in blockchain-focused research and education.Ripple is also focusing a segment of its business on developing a private iteration of the public, open-source XRP Ledger, specifically designed for Central Banks. This CBDC Private Ledger is designed to facilitate payments, and guarantees cost-efficient, dependable, and nearly instantaneous transactions on a scale that aligns with the demands of Central Banks. It also benefits from the support of RippleNet technologies, ensuring robust security measures and customization options that cater to distinct privacy and policy requirements. UBRI Connect is an event that assembles educators, scholars, researchers, and influential thinkers from the UBRI network, and is set to take place in Toronto on October 12–13. Its objective is to showcase blockchain undertakings, share insights, and inspire upcoming research. Professor Andreas Veneris from the University of Toronto commented on Ripple’s initiatives, saying that hosting an XRP Ledger validator aligns with their goals of promoting education about the decentralized XRP Ledger, and reinforces the public’s trust in academics for their enduring commitment to advancing societal well-being.

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Information	Details
Geography	North America
Countries	🇨🇦
Sentiment	positive
Relevance Score	8
People	William Park, Andreas Veneris, WrathofKahneman, None
Companies	Ripple Labs, University of Toronto’s University Blockchain Initiative, University of Toronto, Ripple’s University Blockchain Initiative, University of Waterloo
Currencies	Ripple, Ethereum, Bitcoin, US Dollar, Canadian Dollar
Securities	None