Hong-kong based mostly cryptocurrency alternate, Crypto.com, recognized for its industry-standard safety measures, introduced on Thursday that it’s granting a donation of an undisclosed quantity to the Crypto Analysis Lab of the College of Pennsylvania (UPenn) in an effort to enhance the evaluation of security and privacy in this age of digital revolution. The crypto alternate inked this deal to fund blockchain analysis for the following two years.
Associated Studying | Coinbase Sponsorship Draws Criticism From WNBA Fans Amid Market Collapse
In response to the official blog post, contributions made to UPenn’s new Crypto Analysis Laboratory Fund will likely be utilized to conduct research on how cryptography and programming might stop rising safety and privateness points in real-life blockchain initiatives.
Chief Working Officer at Crypto.com, Eric Anziani, mentioned;
The main target of the College of Pennsylvania’s crypto lab will likely be tremendously invaluable for wider, real-life blockchain purposes whereas additionally exploring new approaches to additional privateness and safety capabilities. We’re extremely excited to help the muse of this blockchain analysis lab inside such an esteemed educational program.
Furthermore, the announcement highlights that UPenn will kind a brand new analysis heart within the College of Engineering and Utilized Sciences with this 2-year analysis present. The analysis will give attention to bringing transparency and belief to crypto-oriented corporations relating to privateness and safety.
Crypto.com Goals To Increase Blockchain Safety
Notably, it was not the primary time Crypto.com has backed educational initiatives for analysis on blockchain know-how.
Final month, the crypto alternate disclosed a 4-year analysis present to the Massachusetts Institute of Know-how (MIT) Digital Forex Initiative. And that analysis venture will conduct research to enhance Bitcoin safety and value.
Likewise, the crypto agency sponsored the founding of the Safe Blockchain Initiative in March below the administration of Carnegie Mellon College. That venture goals to work on enhancing the safety within the blockchain and unfold a greater understanding of the digital ecosystems.
Not solely that, Crypto.com in the identical month gained the membership of the Blockchain Affiliation of Singapore. It brings the crypto alternate into the road of large corporations similar to Visa, Algoran, Ledger, Tezos, and PWC, selling the expansion of blockchain know-how within the mainstream.
Associated Studying | South Korean Regulators Introduce New Frameworks To Protect Cryptocurrency Investors
As its most up-to-date achievement, Crypto.com announced on Tuesday that it companions with Shopify, and “Shopify retailers can now allow Crypto.com Pay on their on-line storefronts and broaden their attain by giving clients extra methods to make their purchases.” This collaboration intends to make Crypto.com Pay app a most well-liked fee instrument for on-line retailers wanting to make use of cryptocurrencies of their companies.
The official announcement of Crypto.com reads;
To welcome Shopify retailers to Crypto.com Pay, Crypto.com will waive the 0.5% settlement price for one month. The promotion is legitimate till 30 June 2022.
In addition to contributing to the establishments conducting blockchain analysis outdoors, Crypto.com additionally has its personal Analysis & Insights crew. The crew publishes month-to-month stories on a number of matters, together with market measurement evaluation and safety.
Featured picture from Pixabay and chart from TradingView.com