On Wednesday, a significant development in the cryptocurrency realm took place with the unveiling of the National Cryptocurrency Association (NCA), which is financially supported by Ripple.

The NCA, self-defined as an autonomous and impartial entity, aims to offer comprehensive and objective insights into how digital currencies operate and their impact on the financial world. It is dedicated to simplifying and explaining the complexities of the crypto world for the uninitiated.

This initiative was kickstarted with a generous $50 million fund collected from Ripple, with Ripple’s Chief Legal Officer, Stuart Alderoty, set to steer the association as its president.

Expressing his ideas about the NCA, Alderoty stated in a press release, “We’re committed to giving individuals from all backgrounds a voice in this space, while acting as a reliable resource for responsible cryptocurrency usage.”

With the advent of the NCA, the world of digital currencies is expected to become more accessible and comprehendible for those who are either planning to invest or merely interested in this rapidly evolving financial domain. However, it’s important to note that the association’s primary goal is not to encourage investment, but rather to educate and clarify the intricacies of crypto finance.