$ 50 million is given to a volunteer in order to boost US bitcoin awareness.

The National Cryptocurrency Association, a volunteer that seeks to “demystify” bitcoin for American consumers, made its debut on Wednesday amid growing demand for digital goods and confusion about what they are.

The NCA, which was awarded a$ 50 million award from Ripple, may provide information about bitcoin implementation across the country in addition to providing educational tools and other tools to help investors better understand the modern property market. &nbsp,

NCA President Stuart Alderoty said in a statement on Tuesday that” crypto going mainstream is no longer a question of “if,” but rather “when.” Users from all walks of life are being given a voice and a resource for how to use crypto responsibly.

The venture comes as some investors are turning to cryptocurrencies, but others are skeptical of its flaws and want to know more. About eight in ten participants in a study of 250 financial advisors released earlier this year by the Europe-based investment firm CoinShares said they would be willing to pay for crypto education. &nbsp,

In recent weeks, the volume and price of crypto trading have dropped significantly, according to data provider CoinMarketCap, to$ 132.2 billion in volume due to global macroeconomic uncertainty. Ripple is one of the major digital asset companies that has been attempting to spread awareness and legitimize crypto.

Ripple CEO Brad Garlinghouse noted its “positives” for many investors in a statement that” the opportunity for crypto, especially in the US, is now stronger than ever. &nbsp,

Over the course of a year, the XRP issuer invested$ 75 million into the pro-crypto super PAC Fairshake to support Donald Trump in the 2024 presidential election.

Ripple executives have also met with the SEC, the primary regulator of the crypto industry, several times, which has taken an increasingly pro-crypto stance in recent weeks. The agency’s ongoing legal action against the company is still ongoing, and it’s not yet clear whether the SEC will dismiss the case because it has taken enforcement actions against other Web 3 players like Coinbase, Gemini, and Yuga Labs.

According to crypto markets data provider CoinGecko, XRP was recently trading at$ 2.48, up 3 % over the previous 24 hours.