Baltimore-based Morgan State University received a $1.05 million grant from Ripple, according to a Tuesday advertisement.
Baltimore-based Morgan State University received a $1.05 million grant from Ripple, according to a Tuesday advertisement.
The investment will further contribute to the development of the university’s National FinTech Centre. In particular, Ripple’s funding will be used to support research projects that focus on uniting blockchain with cutting-edge technologies such as machine learning and artificial intelligence.
The center has become a hub for blockchain research, allowing students to develop their skills in areas such as digital assets, blockchain, payment systems, etc.
Ripple’s latest investment will enable MSU to be “at the forefront” of the current “fintech revolution,” according to Ali Emdad, the center’s founding director.
Ripple initially forged a partnership with MSU in February 2019, promising to bring crypto-focused education and research programs to the Baltimore-based university as part of its long-running University Blockchain Research Initiative (UBRI).
Ripple introduced the UBRI program in 2018, aiming to accelerate academic research focused on blockchain innovation in collaboration with some of the leading universities around the world. It initially partnered with 17 leading educational institutions, including Stanford University and Korea University.
In recent years, Ripple has significantly expanded its UBRI program. As reported by U.TodayIt added several European universities last year, including Ireland’s Trinity College Dublin.
