Crypto Exchange Bybit Announces AED 1 Million Scholarship Fund at UAE University
As the regulatory environment in the United States become too hot to handle, cryptocurrency exchanges continue expanding their reach for better business environments. The United Arab Emirates (UAE) presents as one of these greener pastures. One of the most popular exchanges in the world, Bybit, has spotted the region’s potential and is already reaching out for competitive leverage.
In a recent blog, Bybit Exchange revealed a new collaboration with the American University of Sharjah (AUS). The two household names coming together are part of a shared vision to increase crypto adoption in the UAE. The Memorandum of Understanding (MOU) was signed on Tuesday, June 6, in Sharjah UAE.
The exchange has already injected one million United Arab Emirates dirhams (AED 1,000,000) into the cause, presented as the ‘Bybit Scholarship fund’ for computer science and computer engineering students. An excerpt from the announcement reads:
…to support 20 students to accelerate their academic and research careers in fintech and blockchain at AUS.
Further, Bybit will also sponsor a Hackathon for the blockchain community in the UAE, having committed an additional AED 100,000 for the initiative. “The first AUS-Bybit Inter-College Hackathon will be held at the AUS College of Engineering in the 2023-2024 academic year.”
Chancellor of AUS, Dr. Susan Mumm, attributed the institution’s reputation as a center for educational excellence to its strong industry links that enable it to bridge gaps between industry and academia, adding:
Through this partnership with Bybit, our students will have access to the technical knowledge that helps them keep up with all that is novel in the crypto and blockchain industry, enhance their skills, and support their
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