- Morgan State University has received a $1.05 million grant from Ripple, a leading player in the cryptocurrency industry.
- The funding will be used to support research projects at the university’s National FinTech Center, focusing on the intersection of blockchain, machine learning, and artificial intelligence.
- This investment is part of Ripple’s University Blockchain Research Initiative, which aims to foster blockchain innovation in academic institutions worldwide.
Ripple’s $1.05 million grant to Morgan State University is set to propel blockchain research and education, marking a significant step in the integration of blockchain technology in academia.
Ripple’s Investment in Blockchain Education
Ripple’s generous grant will be instrumental in advancing the work of the National FinTech Center at Morgan State University. The center is a hub for blockchain research, providing students with the opportunity to hone their skills in areas such as digital assets, blockchain, payment systems, and more. The funding will specifically support research projects exploring the convergence of blockchain with advanced technologies like machine learning and artificial intelligence.
Morgan State University: A Leader in FinTech Education
With this latest investment from Ripple, Morgan State University is poised to be “at the forefront” of the ongoing “fintech revolution,” according to Ali Emdad, the center’s founding director. The Baltimore-based university has been a partner of Ripple since February 2019, when the cryptocurrency company pledged to bring crypto-focused education and research programs to the institution as part of its University Blockchain Research Initiative (UBRI).
Ripple’s University Blockchain Research Initiative
Launched by Ripple in 2018, the UBRI program aims to accelerate academic research focused on blockchain innovation. The initiative initially partnered with 17 leading educational institutions, including Stanford University and Korea University. Over the past few years, Ripple has significantly expanded its UBRI program, onboarding several European universities, including Ireland’s Trinity College Dublin, in 2021.
Conclusion
Ripple’s investment in Morgan State University underscores the growing recognition of the importance of blockchain education in today’s digital economy. By fostering research and education in this field, Ripple is not only contributing to the development of blockchain technology but also preparing the next generation of professionals for the evolving fintech landscape.
