Fintech
Morgan State’s FinTech Center will receive a $1 million grant
May 16, 2024
Ripple’s grant will help students participate in financial technology research, education, and programming.
Morgan State University in Baltimore will continue to provide support for financial technology (FinTech) research, education and programming thanks to a $1 million grant from blockchain and crypto solutions leader, Ripple.
The Baltimore-based Historically Black College and/or University (HBCU) made the announcement May 14 as one of three recipients of a three-year, $1,050,000 grant. THE the funds will be used as a growth platform for the school’s National FinTech Center.
“This generous $1,050,000 grant is not just an investment; it is a catalyst that fuels our ability to innovate, collaborate, and prepare our students to be at the forefront of the FinTech revolution,” said Ali Emdad, Ph.D., interim dean of the Earl G. Graves School of Business and Management and founding director of the National Center for Blockchain and FinTech Studies.
“The ongoing partnership with Ripple represents a beacon, illuminating the path to a transformative educational experience that aligns with the evolving landscape of the global economy,” added Emdad.
Morgan’s partnership with Ripple University’s Blockchain Research Initiative (UBRI) began in 2019. The initiative has played an important role vital role in the expansion of blockchain, cryptocurrency, cybersecurity and other FinTech areas through a network of HBCUs.
The program provided opportunities in educational research and a rich learning atmosphere. Ripple’s senior director of university partnerships, Lauren Weymouth, said the company is committed to “evolving technologies through philanthropic efforts, research efforts and shared expertise in renewing its partnership with Morgan.”
“Ripple’s commitment to working closely with universities like Morgan State and its broad network of HBCUs is rooted in our vision that blockchain technology is a force for good,” Weymouth said. “As cryptocurrencies and blockchain become increasingly integrated into our daily lives, these university partnerships become absolutely essential: we are giving the next generation the tools they need to shape our financial future.”
With the Ripple partnership, the FinTech Center can continue to focus on using disruptive technologies such as blockchain and cryptocurrency.n to break into the financial and technology sectors, according to the Daily Record. In the years ahead, Morgan will be able to increase research and training opportunities.
The grant will also contribute to ecosystem development and operational support.
The center has been open on Morgan State’s campus since 2018, thanks to a raise student interest in cryptoeconomics and blockchain. Considered as a hub, the center constantly talks with students and faculty to find ways to increase innovation, knowledge transfer and leadership skills.
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