Baltimore-based Morgan State University received a $1.05 million grant from Ripple, according to a report released Tuesday. announcement.
The investment will further contribute to the development of the university’s National FinTech Center. Ripple's funding will notably be used to support research projects aimed at linking blockchain to cutting-edge technologies such as machine learning and artificial intelligence.
The center has become a platform for blockchain research, allowing students to develop their skills in areas such as digital assets, blockchain, payment systems, etc.
Ripple's latest investment will put MSU “at the forefront” of the ongoing “fintech revolution,” according to Ali Emdad, the center's founding director.
Ripple initially partnered with MSU in February 2019, promising to bring crypto-focused education and research programs to the Baltimore-based university as part of its University Blockchain Research Initiative (UBRI) for a long time.
The UBRI program was introduced by Ripple in 2018, with the aim of accelerating academic research focused on blockchain innovation in collaboration with some of the world's leading universities. It initially partnered with 17 leading educational institutions, including Stanford University and Korea University.
Over the past few years, Ripple has significantly expanded its UBRI program. As reported by U.Todayhe joined several European universities, including Trinity College Dublin, Ireland, last year.