New researches have always proved to be fruitful for both the providers and the consumers. This new research announced by University of California, Berkeley is taking over the party. The institution has recently released a document which acknowledged Ripple for the grants given. They assured that the grant will be used for the purpose of conducting research on the cryptocurrency launched by the organisation. The funds will be used in the institute of social and business impact and the received funds will be utilized for cryptocurrency and digital payments, blockchain systems, cryptography and related subjects. UC Berkeley. The document did not limit any proposals.