- Ripple’s University Blockchain Research Initiative has funded the National Fintech Center Morgan State University with $1 million to finance education, technology advancements and research.
- Morgan State is one of over 50 institutions funded by Ripple in 26 countries to promote blockchain education and innovation.
Ripple, as part its global initiative to promote Blockchain research and development in leading universities around the world, has invested one million dollars into Morgan State University’s National Fintech Center.
The Californian company announced the partnership on Tuesday. Baltimore’s University of Maryland stated that funding from the California company would allow it to continue its leadership position in fintech training and research.
Ripple’s #UBRI Since 2006, this program has made a significant impact on the development of Blockchain education and research. 🎓⭐️
Discover our $1.05M partnership renewed with @MorganStateU How we support blockchain innovators in HBCUs https://t.co/u85BhmXq24
— Ripple (@Ripple) May 14, 2024
Ripple has made several investments in Morgan State. Morgan State was acquired by Ripple in February 2019. announced The university will launch a fintech multi-year program, which includes developing new curricula as well expanding the existing finance and tech courses to incorporate blockchain. Morgan State will also serve as the hub for the company’s efforts to fund other Historically Black Colleges and Universities.
Ali Emdad – the founding director of University fintech – commented on this partnership. described It is a powerful catalyst “that propels our ability to innovate, collaborate, and prepare our students to be at the forefront of the FinTech revolution.”
“This partnership is geared towards equipping a new generation of business thinkers and innovators, ensuring they are well-versed in FinTech and blockchain technologies to meet upcoming industry demands,” Emdad added.
Lauren Weymouth who is in charge of university partnerships for Ripple has pledged to continue the support that Ripple will provide Morgan State University and other institutions, saying it was rooted in their values. “our vision that blockchain technology is a force for good.”
Weymouth Commented
As crypto and blockchain integrate further into our daily lives, these university partnerships become absolutely essential – we’re empowering the next Our generation needs the right tools to help them shape our future financial future.
Ripple changing the future of Fintech through university partnerships
Ripple launched its University Blockchain Research Initiative six years ago. The company has funded over 50 universities across two dozen different countries through this initiative. This initiative has led to the creation or expansion of more than 600 courses, and funded over 1,500 Blockchain research projects.
Ripple also offers support to universities in other ways. Morgan State sponsored this year a hackathon led by students, which attracted over 150 participants. It included a workshop on XRP Ledger. A sustainability idea that offers community-driven incentive emerged as the event’s winner.
Eric van Miltenburg was named senior vice-president for strategic initiatives by Ripple. commented:
Our customers are hungry for information about crypto- and blockchain technology. next Generation is increasing, and HBCUs within the UBRI are paving the path to ensuring that this interest is sustained. Morgan State is empowering its students to launch projects which will help diversify the XRP Ledger Ecosystem for years to follow.
The latest funding from the University will enable students to develop innovative ideas using AI and Machine Learning.
XRP currently trades for $0.5099. It has only gained a paltry 1% since yesterday, but it is still above $0.5, which provides critical support in anticipation of the SEC’s new case. reported.
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Source: www.crypto-news-flash.com