Fintech
Morgan State University receives $1.05 million grant to prepare its ‘students to be at the forefront of the FinTech revolution’
Morgan State University is receiving an extension financial support from a leading company working to “build game-changing cryptographic solutions.”
On May 14th the National FinTech Center at the HBCU located in Baltimore, MD announced that it has received a three-year grant of $1,050,000 from Ripple. The new financing will go towards moving forward the center’s blockchain and fintech research, education, programming, faculty and student technical projects, ecosystem development, operational support, teaching labs, blockchain clubs, and a fintech solutions incubator, For a press release.
“This generous $1,050,000 grant is not just an investment; it is a catalyst that energizes our ability to innovate, collaborate, and prepare our students to be at the forefront of the FinTech revolution,” said Ali Emdad, Ph.D., founding director of the National Center for the Study of Blockchain and FinTech. “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.”
The press release details that Ripple first invested in Morgan State University’s FinTech Center in 2019 through its University Blockchain Research Initiative (UBRI). The grant renewal is part of the company’s way of demonstrating its commitment to creating inclusion within fintech for HBCUs.
“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,” said Lauren Weymouth, senior director of university partnerships at Ripple. “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.”
Second Website of the National FinTech Center, the center not only serves as a hub for Morgan State University but also for students and faculty from all HBCUs.
“We support faculty and students from all HBCUs to develop their skills in various areas of financial technology, including blockchain, cryptocurrencies, cryptoeconomics, cybersecurity, payment systems, entrepreneurship, and related areas,” the website states.