As part of its ongoing commitment to promoting education and the adoption of cryptocurrencies in the United Arab Emirates, Bybit, the third most visited cryptocurrency exchange in the world, is delighted to announce that it has given scholarships to 38 deserving students at the American University of Sharjah (AUS). Following Bybit’s cooperation with AUS, which was announced in June of this year, this is the second announcement.
The scholarship seeks to encourage worthy students to pursue studies and research in the fintech and blockchain sector while helping them acquire the finest education possible. For the AUS-Bybit Fund Scholarship, which has a total funding pool of AED 1 million, a total of 38 beneficiaries have been chosen after applications were reviewed based on the student’s academic status, grade point average, and need.
The scholarship will pay for 25% of the cost of tuition for the spring 2024 and fall 2023 semesters, respectively. The 29 students who are presently enrolled will each get a 25% tuition discount, and the 9 new first-time students will also each receive a 25% discount. Computer science and engineering are the two most popular majors among the chosen students.
“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,” said Dr. Fadi Aloul, Dean of the College of Engineering at AUS.
“We could not be more thrilled to finalize details of our scholarship fund to support bright minds at AUS,” said Ben Zhou, co-founder and CEO of Bybit. “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 own 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.”
The inaugural AUS-Bybit Inter-College Hackathon with a focus on Artificial Intelligence in Crypto for present university students in the UAE ecosystem will be sponsored by Bybit with an extra AED 100,000 contribution. In November, the hackathon will take place at the AUS College of Engineering.