Bybit Partners with American University of Sharjah for Fintech Scholarships

In the field of cryptocurrencies, an important partnership between Bybit and the American University of Sharjah (AUS) has been established. The third most popular cryptocurrency exchange globally right now is Bybit. The collaboration wants to give out scholarships of about $272,000 (AED 1 million) to deserving students.

Fostering Academic and Fintech Excellence

Bybit and AUS previously collaborated on a project, which was unveiled in June of this year. In their first agreement, the two organizations agreed to support 20 students’ academic objectives and research projects related to the development of fintech.

Surprisingly, the scholarship program has helped 38 persons in total, including 29 already enrolled students and 9 newcomers.

Dr. Fadi Aloul, the Dean of the College of Engineering at AUS, expressed his thoughts on this educational collaboration, stating, “As a center of excellence and research and a catalyst for change, AUS is mindful of its important role in producing professionals who possess the skills and technical knowledge that allow them to grow in dynamic markets and evolving industries. We also believe in the importance of working closely with our industry partners to meet their needs and bridge any gaps between academia and businesses. Our partnership with Bybit and the establishment of the AUS-Bybit Fund Scholarship will empower our students in the fintech and blockchain fields in a digital world that is constantly growing.”

In addition to funding scholarships, Bybit will provide an extra AED 100,000 to support the first AUS-Bybit Inter-College Hackathon, which will have the focus “Artificial Intelligence in Crypto.”

Empowering the Future of Crypto and Blockchain

The AUS-Bybit Fund Scholarship is purposefully created to encourage students to actively support the development of the cryptocurrency and blockchain sectors. Its main goal is to give students the essential financial support they need to achieve their academic and research goals, ultimately improving decentralized finance.

The AUS-Bybit Fund Scholarship winners were carefully chosen in accordance with a number of standards, such as scholastic performance, grade point average, and financial necessity. Students must also be predominantly enrolled in degree programs in computer science and engineering, according to a requirement. These award recipients are a varied group of gifted individuals who have a passion for the fintech and blockchain industries.

With a total endowment of AED 1 million, the scholarship program will cover 25% of tuition fees for both the upcoming Fall 2023 and Spring 2024 semesters.

Ben Zhou, the co-founder and CEO of Bybit, expressed his enthusiasm about the scholarship initiative, stating, “We could not be more thrilled to finalize details of our scholarship fund to support bright minds at AUS. We are also honored that over the past few months, AUS and Bybit have nurtured a shared vision of empowering the next generation of fintech and blockchain pioneers. The trailblazing spirit of the 38 recipients reminds me of my beginnings. I hope this fund can fuel their journeys of discovery and unleash a wave of innovation from the UAE that will shape the future of digital assets globally.”

Prior to launching this scholarship program, Bybit unveiled a wealth management product in August, providing clients with tailored solutions and the possibility of high returns while reducing risks in a constantly changing financial landscape.