Bybit, the third-most popular cryptocurrency exchange in the world, has teamed up with the American University of Sharjah (AUS) to give outstanding students scholarships of over $272,000 (AED 1 million).
Bybit and AUS collaborate
The scholarship program comes after Bybit and AUS announced their cooperation in June of this year. The first agreement made between the parties was to aid 20 students in their academic and research endeavors related to the growth of fintech.
There were 38 beneficiaries in all, including 29 students who were already enrolled and 9 new first-time students.
The plan was discussed by Dr. Fadi Aloul, the Dean of the College of Engineering at AUS, who stated:
“AUS is conscious of its vital role in developing professionals who possess the skills and technical knowledge that allow them to flourish in dynamic markets and growing industries. AUS is a center of excellence and research and a catalyst for change. Additionally, we think it’s crucial to collaborate closely with our business partners in order to address their demands and eliminate any gaps between academics and industry. Our collaboration with Bybit and the creation of the AUS-Bybit Fund Scholarship will provide our students more opportunities in the fintech and blockchain sectors in an ever-expanding digital world.”
Along with funding the scholarship program, Bybit is also providing AED 100,000 to support the first AUS-Bybit Inter-College Hackathon with the topic “Artificial Intelligence in Crypto.”
Scholarship from the AUS-Bybit Fund
The scholarship program was developed to encourage students to actively contribute to the development of cryptocurrency and blockchain. Its main objective is to give students the crucial financial assistance they need to complete their studies and conduct research in order to develop decentralized financing.
The AUS-Bybit Fund Scholarship winners were carefully selected based on a number of factors, including their academic performance, GPA, and financial need. Students must also be predominantly enrolled in programs relating to computer engineering and computer science, according to another criteria. These award winners represent a broad group, each of them exhibits great potential and a keen interest in the fintech and blockchain industries.
The scholarship, which has a total endowment of AED 1 million, will pay 25% of their tuition for the next Fall 2023 and Spring 2024 semesters.
The co-founder and CEO of Bybit, Ben Zhou, commented on the scholarship program:
“We are beyond excited to complete the specifics of our scholarship fund to help talented students at AUS. We are also grateful that AUS and Bybit have fostered a common goal of supporting the next generation of blockchain and fintech pioneers over the past several months. The 38 awardees’ pioneering enthusiasm makes me go back to my origins. I’m hoping that this grant will help them on their explorations and inspire a wave of innovation in the UAE that will influence the development of digital assets throughout the world.“
Prior to the scholarship program, Bybit introduced a Wealth Management product in August to provide clients with individualized solutions and the possibility of significant returns in a risk-reduced environment.
