XRP’s creator company, Ripple, seems to be making quite some ripples within the crypto world of late.
For starters, Ripple’s co-founder, Chris Larsen, has been known as a generous man with a large deposit of XRP token in his possession. He has also been known to often give out a part of his wealth to charity and institutions of higher education.
This last Thursday (March 4th), Chris Larsen, together with his wife Lyna Lam, and Rippleworks, donated $25 million in XRP to the San Francisco State University during an event at the Masonic Center.
For starters, Chris Larsen studied and acquired his bachelor’s degree in accounting and business administration from the San Francisco State University (SFSU) back in 1984, meaning that he’s an alumnus of this famed university.
Also, according to the university, Chris and his wife have been longtime supporters of the institution. Chris even won the “Alum of the Year” award in 2004.
Chris: Nurturing Innovators
This is not the first time Chris and Lam have forked out a huge amount for the university. In November 2018, they donated $56 million, still in XRP, to the institution. According to Chris, the goal is to help guide and mould future innovators, entrepreneurs, and leaders.
The university will channel the donated money towards the Lam-Larsen Fund for Global Innovation.
Granted, and as much as this act of generosity fosters educational development, it goes a long way in shedding more light on Ripple and maintaining the limelight on XRP in particular. The last few days have seen the crypto market get back up after long months of bearish struggles.
XRP has been one of the cryptos that have gained much from the current bullish sentiment. Could this news of its creator’s good act help propel it to greater heights? We can only wait and see.